Printable View
Looking at the NZD/USD pair for 4 hours,s it is noticeable that it is gaining some pips at the price level of 0.6215 Should there be a continuous appreciation in the price, the next resistance level will be 0.6250 with the next support level at 0.6200.
https://charts.mql5.com/35/311/nzdus...ital-ltd-2.png
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Technical analysis uses historical price data and charts to forecast future movements, focusing on trends and patterns. Fundamental analysis examines economic indicators, news, and financial reports to assess a currency's intrinsic value. Combining both methods can provide a comprehensive view of market conditions and improve trading decisions. LQDFX broker provides all technical tools, user-friendly platforms and 71 currency pairs including fiats, commodities, indices and stocks.