FX:NZDUSD New Zealand Dollar/U.S. Dollar
This pair is currently in a key . As can be seen in the chart, it is clear that this pair is in an uptrend. And because it is currently in a , we might see a price reversal here from the recent down move to a continuation of the price going up. Although the recent strong move here is down, I'm still with this pair and will still look for an opportunity to go long. This might hold or could be broken. We need to wait for a confirmation that the bulls are back and ready to take control before going long. The price action of today's candle is important. If there will be not much of a movement today, we can still wait for the next candles as long as we can have our confirmation. These confirmation of reversals are a large (rejection of the support), 2 bar reversal or a bar. As mentioned, the close of today's candle is important.