NZD/USD Targets 0.6720 Zone
|The NZD/USD has formed a cup with handle pattern and it is looking for a bullish continuation.
The POC zone 0.6640-50 should show new buyers and the price will continue upwards. The order block and W L3 confluence provides support and a fresh bounce towards 0.6693. Above 0.6693 we will see a continuation towards 0.6712-20 zone. The pair is slower due to ATR (5) of only 48 pips, so patience is needed. At this point watch for either rejection towards the POC or continuation above 0.6693, whichever comes first.
The analysis has been done with the CAMMACD.MTF template.
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