NZDUSD 1H

Support Level: 0.61000The level of 0.61000 is identified as a support level. This means that historically, the price has had a tendency to halt its decline around this level, indicating strong buying interest. As long as this level holds, it suggests that buyers are willing to enter the market and push the price higher.

Take Profit Target: 0.61550The take profit level is set at 0.61550. This means that once the price reaches 0.61550, it is advisable to close the position to secure gains. This level is identified based on expected resistance or a strategic price point where taking profits is deemed optimal.

In summary, the trade strategy is to rely on the support level of 0.61000 holding firm. If this condition is met, the position should be maintained until the price reaches the take profit target of 0.61550.