NZDUSD has finally broken the long bearish 4hr trendline and made higher highs. Price has also clearly broken and closed above the 4hr 50ema which was providing a dynamic resistance to price over the past few weeks.
I am looking to go long on the next pullback to retest the broken TL or 4hr 50ema.
I have the fibonacci retracement tool on the chart to provide a few key levels where price may bounce.
Trade active
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0.6500 holding well and looks like the broken TL has been retested. Higher low on 4hr would be ideal now.