Dear Traders,
The NZD/USD has formed a bullish trend and we can clearly see a T-89 pattern rejection.
0.6865-75 is the POC zone which is additionally supported by the ascending trend line. If bullish momentum persists, we could see a continuation above 0.6905 towards 0.6935 which is a weekly H4 pivot. Only above W H4 the price might continue further up.
As long as the price is kept above W H3 – 0.6813, bulls will have the advantage. A close below 0.6840 is considered neutral to bearish.
The analysis has been done with the CAMMACD.MTF template.
For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.
Loading
Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea