alexkyp

NZDUSD potential BUY

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
The pair is forming a bullish flag which is a sign of a continuation pattern usually accelerates the preceding bullish move. If the pair retest the 0.6820 area it would be a prime entry for a buy position as it matches perfectly with the 200 & 800 EMA significant support are with previous reversal points.
We need to be careful as there is upcoming news on the pair that may affect our analysis! ( Wed 9:45 pm). If the pair breaks the 0.6850 area the doors will open for 0.69 psychological area and then 0.6985 fx street line.