NZDUSD is bouncing of its daily uptrend line today. If it'll close back up above the Fast SMA line,
NZDUSD may continue its rally to re-test the top of the trading range - 0.685-0.69 and even make it to 0.7 to complete a bearish AB=CD pattern and a Butterfly. Stop loss should be at least below the daily 200 days MA
Tomer, The MarketZone.net
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Note
Moving towards target. Strong bullish candle today with close above Fast SMA line is a positive signalTrade closed: target reached
Now bearish setup
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.