themarketzone
Long

Hits trend line - Will it rally towards 0.7?

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
$NZDUSD is bouncing of its daily uptrend line today.
If it'll close back up above the Fast SMA line, $NZDUSD may continue its rally to re-test the top of the trading range - 0.685-0.69 and even make it to 0.7 to complete a bearish AB=CD pattern and a Butterfly .

Stop loss should be at least below the daily 200 days MA

Tomer, The MarketZone.net

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Comment: Moving towards target. Strong bullish candle today with close above Fast SMA line is a positive signal
Trade closed: target reached: Now bearish setup
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