NZDUSD

 

The NZD/USD has made a breakout above the confluence zone and the retest of the zone should provide buying opportunities.

The POC zone 0.6730-40 should provide buying opportunities on a bullish reversal candle retest. At this point the price is supported above the steep trend line but any entry within the zone could instill a renewed bullish momentum. Targets ate 0.6799 and 0.6830 as the weekly target. Have in mind that W H3 confluence should hold if the bulls want to dominate further. Any 4h close below the W L3 might be bearish and we vould see a deeper retracement.

NZDUSD

 

NZDUSD Current Trading Positions

Sell 40%
Buy 60%
100.0%40.0%0405060708090100
Avg Sell Price 0.6612
Avg Buy Price 0.6697
Liquidity Distribution
0.65050.66690.68151SellBuy

 


 

The analysis has been done with the CAMMACD.MTF template.

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