FX:NZDUSD New Zealand Dollar/U.S. Dollar
The NZD/USD has officially broken out from the long term descending trend-line on the 4H, this on the back of a highly impulsive wave with 8 consecutive buying candles. We're buyers, entered at the break of the hammer candle which formed on the back of the trend-line role reversal support. Our current target is the 0.800 psychological highs with our stop just below the trend-line and hammer, making for superb r&r.