The pair has tested weekly and daily support zone. And making higher highs and higher lows on 1H timeframe.
Entering long trade on 1H timeframe retracement of recent bullish impulse.
The pair has created inverted head and shoulder pattern on daily timeframe and retested the previous daily support.
Entering long trade on 4H support area, profit zone is previous weekly resistance zone.
The pair has created head and shoulder pattern on daily timeframe and broke strong daily support to downside.
Entering short trade on retest of daily resistance zone.
NZDUSD created double top on daily chart and made lower low. Yesterday, the pair made bearish rejection from the recent daily resistance.
Going short trade on the 50% retracement of recent impulsive move to the downside.
