NZDUSD is still keeping a bullish intraday outlook as yesterday hectic PA was mainly due to ECB. The hidden bullish divergence supports the uptrend after a deep retracement that saw 0.6800 zone rejecting the price. Pullbacks towards POC 0.6660-70 are also supported by March uptrend line and DPP + 61.8 fib retracement. Additional momentum will be spurred on h1 close above EMA 89 0.6705 and if the price proceeds above H4 cam PP we should see 0.6755. The setup will become invalid if the price closes below L4/divergence line 0.6610. Additionally, it’s good to mark that NZ exports to China so any Chinese data release may also move the pair.
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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