NZD/USD currently trading at 0.5839, may breach the level of resistance at 0.5849. As the price is in down trend from long time and it is about to breach the , If that level of resistance is broken a new up trend can start and then its next small will be at 0.6075. which will be its first target if the price comes in up trend.
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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.