Starting off with the weekly chart, I see a decline to value in NZDUSD , right to the psychological level of 0.7. The is oversold in an uptrend, this is the time to buy.
Going on to the , I can see a formation in a bigger formation. When do not break below the neckline, they are formations. Note that a strong close today will form a on the .
The 4H chart shows a class A both on the lines and histogram. I've been waiting all day on Friday for a close above 0.703 to signal the entry, without any luck. Today though, it finally happens.
I have been long this pair for a couple of weeks now, I added on my position on this close on the 4H chart, and I will add at the end of the day if I see a strong close. Soft stop as always below the swing low at 0.70. As for targets, well for starters I would say 0.75.
Keep in mind that the dollar index is probably in the midst of a major false breakout above 100, a historically important level.