NZDUSD has formed a double bottom and closed on a very bullish weekly candle. This could be the indication of a trend reversal. Price has reached a strong resistance level which coincides with the descending trend line.
The prior week candle showed strong rejection from the support at .71700
If we get a breakout re-test of the support level I will look to get long.
The prior week candle showed strong rejection from the support at .71700
If we get a breakout re-test of the support level I will look to get long.
