NZDUSD Long
As long as price remains above .68339, I am bullish here. Price double topped at around the .700 level, and has made it's way back down, but is finding support now. There is increased volatility meaning more bulls are coming in to battle against the bears. We also see an inverted head and shoulders pattern. Price also breached the resistance shown by the red horizontal line. It was a fakeout, but the breach and close shows weakness in the level and a possible break higher on a retest.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.