NZD flirting with the break higher ... again ...
All eyes on 0.66885, the ABC target for the minor wave here. A tick higher will open the floodgates for 0.70xx and confirm the bounce is truly impulsive in nature. This will be a very loud message that the rally will be identical to that of the one since the October 2018 lows.
A break above 0.66885 will open an initial target at 0.68122 for the 3rd wave in the sequence, this will be a good time to take some chips off the table and let the rest run for the final 5th wave target which is 0.702x.
Confidence will increase above 0.681x whilst to the other side this will need reassessing should be see below 0.65.
Best of luck those already holding longs or looking for positions.
A break above 0.66885 will open an initial target at 0.68122 for the 3rd wave in the sequence, this will be a good time to take some chips off the table and let the rest run for the final 5th wave target which is 0.702x.
Confidence will increase above 0.681x whilst to the other side this will need reassessing should be see below 0.65.
Best of luck those already holding longs or looking for positions.
