NZDUSD Analysis Week of July 10, 2016 Major resistance on the weekly.
Daily chart has multiple support.
What caught my eye is is giant wick on weekly chart and then a closing of bullish candle. Signs of bull strength.
That being said it is best to look for longs this week.
I wouldn't be surprised to see a giant bearish wick closed on the weekly chart due to all that resistance.
So looking on the 4H chart, I have spotted some nice areas to enter long.
Note there is a gorgeous butterfly harmonic formation.
0.72445 is one good area.
0.71500 is also a good area expecting a bullish wick through the trend-line.
Note that if the trend line is broken I expect a move down to the 0.70000 area.
