New Zealand Dollar / U.S. Dollar

Long

NZDUSD setting up for a big bullish breakout.

Updated

NZDUSD broke bearish market structure, retraced 78.6% of the move and found support at an area of confluence. The market has maintained a sequence of higher lows in a triangularly shaped consolidation range. If the bullish structure is maintained our projections for the next bullish push are 0.70400 followed by 0.71907.

Note

Currently looking entry opportunities on NZDUSDaround 0.67600-0.76700 to go long

Note

A possible new HL and 38.2 fib retracement zone

Note

If price breaks below 0.6700 this setup is invalidated

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