Dear Traders, The NZD/USD has formed a BPC pattern (breakout-pullback-continuation) straight above the order block at 0.6558. Another
Dear Traders,
The NZD/USD has formed a BPC pattern (breakout-pullback-continuation) straight above the order block at 0.6558.
Another retest of the 0.6545-58 zone could show fresh buyers towards 1.6585 and 1.6603. A breakout above 0.6603 should target for 0.6620. The ATR (5) is only 47 pips, so ideal situation would be a retest of the POC zone. In that case buyers would have much better price to long the Kiwi. The price will be bearish only below 0.6515. At this point the NZD is strong and buying the dip seem to be a valid option.
