NZDUSD buy trade idea 11 06 2021

#OPINIONLEADER# #Signal#

BUY NZDUSD 0.7205

SL: 0.7175

TP1: 0.7225

TP2: 0.7245

TP3: 0.7265

Signal Analysis by LCMS Traders 

Currency Pair: NZDUSD

BUY NZDUSD 0.7205 

Timeframe: H1

Step 1 - Previous News: NZD: Day 1 of the G7 meetings, USD: Day 1 of the G7 meetings, CPI m/m inflation in rose

Step 2 - Trend: Across, Counter Trend

Step 3 - Support/Resistance: Breaking Through Resistance

Step 4 - Indicators

- Bollinger Bands: touch 

- MACD: both up

- Stochastic: H4 heading up

- PSAR: near bullish

Step 5 - Upcoming News: NZD: G7 meetings over the weekend, USD: Preliminary UoM Consumer Sentiment 2200hrs, G7 meetings over the weekend