2017 Week #1 - NZDUSD Price Approaching Key Structure Level
Price has been in a corrective structure since September 2015.
0.6690 will be a key structure area to watch out. An impulsive break below this level will confirm the completion of the corrective structure.
On the other hand, if price bounce up impulsively around 0.6690 - 0.6845 area, we can expect price to move higher towards 0.7835 area.
Trade plan: short term can still look for a quick short targeting 0.6805.
0.6690 will be a key structure area to watch out. An impulsive break below this level will confirm the completion of the corrective structure.
On the other hand, if price bounce up impulsively around 0.6690 - 0.6845 area, we can expect price to move higher towards 0.7835 area.
Trade plan: short term can still look for a quick short targeting 0.6805.
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