Broad-based USD strength along with dovish RBNZ has led to a big Sell off in NZDUSD. However, it looks like the selloff is about to end soon.
Right now price is testing a very critical area at 0.6591. In the previous occasion, we have seen price reverse strongly from this area. This kind of levels are powerful and often lead to quick reversals.
So, traders can look for BUY at 0.6591 with small SL at 0.6570. TPs can be set at 0.6650 and 0.6783 respectively.
Trade active
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Bought at 0.6591 yesterday and now holding +35 pips profit. SL moved to breakeven