NZD/USD Bullish Continuation Towards 0.6830
Dear Traders,
The NZD/USD has made a breakout above the confluence zone and the retest of the zone should provide buying opportunities.
The POC zone 0.6730-40 should provide buying opportunities on a bullish reversal candle retest. At this point the price is supported above the steep trend line but any entry within the zone could instill a renewed bullish momentum. Targets ate 0.6799 and 0.6830 as the weekly target. Have in mind that W H3 confluence should hold if the bulls want to dominate further. Any 4h close below the W L3 might be bearish and we vould see a deeper retracement.
The analysis has been done with the CAMMACD.MTF template.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea
This article was originally posted on FX Empire
