NZD/USD Bullish Bounce Targeting 0.6790 and 0.6820
The NZD/USD has made a trend change after the double trend line break to the upside around 0.6880. A failure to close below formed a wave of fresh buyers.
A retracement to POC zone 0.6710-20 could be used for buying into the dip. Targets are 0.6760, 0.6790 and 0.6820. It should happen after a retracement. If we don’t see any retracement, then a close above 0.6790 is needed for a further continuation up.
The ATR of the NZD/USD is not high, the movement is slower so patience is needed for a setup to develop.
(The analysis has been made by ecs.CAMMACD.MTF trading template)