NZDUSD has broken through intra week trend line and currently it trying to stay above H4 region after hitting ATR target (previous range) and strong intraday resistance H5. From the technical standpoint we have 2 possible spots to llok for rejections. POC1 comes around 0.7355 level (H3, 38.2, previous breakout spot) and if the price rejects from the zone it could target daily highs again. Deeper retracement shows POC2 (L3, DPP, intra week trendline cross, 61.8) around 0.7330 level and the price could also reject from there. Close and break above daily highs (Breakout, Breakout-Retest, Breakout-Retest-Continuation) targets 0.7440-50 zone.
The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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