The pair has been oversold for more than 200 pips and it usually reverse after a 170-180 pip movement! It is also showing a daily bullish divergence and its forming a W on the 4hr and Daily timeframe ! Its Also near the 0.50 fib level ! NZDUSD looks like its gonna reverse its current bullish trend as it is consolidating near the 0.6740 are
Comment
⋅
TP1 +30 pis hit, move SL to BE - Risk free trading