nzdusd is standing on a 6 years low on a weekly. recent false breakout of a previous structure low on a daily leaves us clues that bearish pressure is exhausted.
currently, the market is started to contract within a symmetrical triangle formation - a clear indication of high indecision.
though according to a common rule, we trade such triangle, waiting for a breakout and the side of breakout does not matter, I will trade only in case of a bullish breakout following my observations of weekly and daily charts .
target levels will be 0.6345 and 0.6395
stop goes below the last higher low of a triangle.
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