NZD/USD Close Above 0.6900 is Needed for Stronger Impulse

Nenad Kerkez Top-XE

The NZD/USD has been in a strong uptrend but it needs to have a 4h candle close above 0.6900 for a stronger bullish impulse.

0.6860-70 is the POC zone. A rejection from the POC zone is possible due to strong Weekly trend and H4 alignment. Two trendlines also mark the uptrend and smaller pinbars cue for now moment buyers. Targets are 0.6900, 0.6958 and eventually 0.7019 if the trend persists. Watch for a bounce from the POC zone.

NZDUSD Current Trading Positions

Sell 43%

Buy 57%

Avg Sell Price 0.6889

Avg Buy Price 0.6829

Liquidity Distribution

Author

Nenad Kerkez

Top-XE

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