After an impulse to the upside, NZDUSD has retraced & retested the broken resistance level/previous highs, which aligns perfectly with the 50.00% fib retracement level.
Price has rejected this support level and is currently displaying a lower timeframe bullish market structure.
Currently awaiting market open and a small retracement before entering.
First target - High at 0.71700
Second target - 0.72000
Price has rejected this support level and is currently displaying a lower timeframe bullish market structure.
Currently awaiting market open and a small retracement before entering.
First target - High at 0.71700
Second target - 0.72000
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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.