Hey Everyone, I hope you guys a good profit on AUD/USD trade suggested yesterday.

Let me share another trade idea with you all. NZD/USD is trading in a narrow trade range of 0.7188 – 0.7160. Further, It has formed ascending triangle, we can expect a breakout price action in the chart.

Fundamentals:
NZD:

Employment Change q/q
Forecast: 0.6%
Previous: 2.4%

Unemployment Rate
Forecast: 5.1%
Previous: 5.1%

The cash rate is expected to remain the same but any change is likely to cause volatility. In my opinion, even the stable rate will strengthen the AUD. So the Buying Opportunities exists in the market.

Technical Levels:

USDCAD
R3: 0.7203
R2: 0.7194
R1: 0.7189
Pivot Point: 0.7181
S1: 0.7172
S2: 0.7167
S3: 0.7159

Recommendation:
Good to Buy Above 0.7185
SL: 0.7145
TP: 0.7225

Scalp - NZDUSD

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