Trading analysis for the pair NZD/USD

In the last three days the pair NZD/USD started to move up consecutively again as I observed through the daily time frame. The buyer's next price target is to penetrate the indigo zone or weak resistance which is at the level of 0.6863-0.6949. The area has not had a retest experience so far. Figure for the pair NZD/USD using the daily time frame

On the four-hour time frame, the seller still has not been able to penetrate the green zone or untested support which is at the level of 0.6713-0.6734, after experiencing a rejection at 08.00 server time, March 15, 2022. The buyer's next price target is to be able to penetrate the zone pink or untested resistance which is at the level of 0.6904-0.6936. Figure for the pair NZD/USD using the four-hour time frame

Meanwhile, in the one hour time frame, efforts from the seller to penetrate the gray zone or weak support at the level of 0.6754-0.6778 are still being rejected at 20.00 server time, March 16, 2022. The buyer's next price target is to break through the pink zone or the untested resistance which is at the level of 0.6912-0.6928. if the price can penetrate it validly, it is estimated that the NZD/USD pair will rise even higher. However, if the business is still experiencing rejection, it will cause the price to move down again. For today's trading plan, I will be waiting for how the price will react when trying to break through the untested resistance area. If the price can penetrate it validly, then I will place a buy order. The profit target will be at the level of 0.7031. stop loss will be at the level of 0.6909. Figure for the pair NZD/USD using the one hour time frame