YGForex

NZDUSD BULLISH Trend Continuation...Building Strength!!!

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
After a 261.8% fib level climb, we managed to see a decent retracement towards 100% fib level which failed to break lower. Currently, price has reached above the 161.8% fib level. With this movement, I expect BULLISH movement to continue as we failed to see a 61.8 fib level retracement which may signal to us a possible trend reversal. As of now, price seems to be continuing moving upwards and I will be eyeing on the next fib level (361.8% fib level). There will be a significant BEARISH pressure near there as there is also a resistance level at 0.7735 price level. Thus, I am expecting a clean breakout from the ichi cloud. This will act as a confirmation for our position.

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