NZDUSD LONG

My directional bias for this pair is bullish especially after having broke through a key level of resistance . As you can see price is clearly respecting this Trend line which means that we have had our pullback after breaking that key level so now we just need to wait for the break and retest of my TL and we can look for longs going towards my first target of 0.69223 if we can get a confirmed bounce or break of this then I will look to re enter for long position.

We also have a opportunity for a short position if 0.68128 is broken with a strong closing candle then we could see price go towards 0.66801.

Penafian