NZDUSD Progressive Zig-Zag Uptrend

The NZD/USD has been in a steady uptrend with a progressive zig-zag pattern. At this point the price is within the POC zone 0.7337-0.7348 and we could see a spike towards 0.7386 with a potential for 0.7420. However if the price breaks below 0.7335 pay attention to POC2 0.7313-0.7325 as the POC2 is also a bouncing spot. Targets will remain the same. As long as W L4 holds -0.7280, bulls should be safe.

  • W L3 - Weekly Camarilla Pivot (Weekly Interim Support)

  • W H3 - Weekly Camarilla Pivot (Weekly Interim Resistance)

  • W H4 - Weekly Camarilla Pivot (Strong Weekly Resistance)

  • D H4 - Daily Camarilla Pivot (Very StrongDaily Resistance)

  • DL3 – Daily Camarilla Pivot (Daily Support)

  • DL4 – Daily H4 Camarilla (Very Strong Daily Support)

  • POC - Point Of Confluence (The zone where we expect price to react aka entry zone)

NZDUSD

 

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