NZDUSD Progressive Zig-Zag Uptrend

Nenad Kerkez Top-XE

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)

Author

Nenad Kerkez

Top-XE

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