As moving in channel (daily/weekly) it is now going upward. Can take entry on pull back (hourly basis).
After changing direction now in correction mode. The medium term target is around 135 on the resistance level of channel.
After cleaning up most of stop losses (at top resistance level) preparing for downfall...
Good reversal point for upside. Contracting to complete the triangle.
Look for reversal after completion of 123 pattern.
Just to complete the cycle ....
NZD is creating diverging triangle...... lets see...to complete
The pair is on short correction (short channel) then possibility to shoot up..........lets see
Euro is going accelerated upwards and need pull back before further going up.
As the price action break the flat bottom.........more likely to go down until the previous level as resistance. This resistance then can be start of long term up word trend.