Hello traders, NZD/USD is trading at 0.7003. The price is moving in a upward resistance and support wedges , after touching resistance level it is giving a small pull back but soon price can break its resistance level to continue its upward trend. The entry price for the pair is at 0.7020, 1st target is at 0.7053 and 2nd target at 0.7091.

Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don’t risk more than 2% of your capital on each trade.

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Thank you,

Rishikesh Lilawat

Rishikesh Lilawat

Rishikesh Lilawat

Rishikesh Lilawat has over seven years of experience in trading Forex and commodities markets, out of which three years in two investment banks as a professional Forex and commodities trader. He holds an M.B.A degree in finance and business analytics from the University of Pune. Realizing the central role of a trader and because of his personal and particular interest in trading, He built skills in market research, technical analysis, fundamental analysis, risk management, and fund management, etc and focus his efforts on communicating and sharing views on market trends and patterns.