NZDUSD: Potential bounce on the support line daily

Hi, according to the chart, we can notice that the price has triggered a powerful bounce on the support line daily. This means that the price could continue the reversal trend at least until the first downtrend line as seen on the chart. Then a breakout of the trend line could be an option to reach the top downtrend line. The strategy will be invalidated if the price goes below the support line daily.

Hope it helps.

Comment:

The NZD was really the best configuration this week. Really easy to anticipate the move with a minimum risk. Perfect.