We have been watching the NZD pairs closely as seasonally the NZD is strong as well as the commercial long contracts still at all time highs.
Looking to this market we have been in a downtrend on the higher timeframes and we must respect that however we may be seeing an
early change in the trend with the market change cycle on the 4hr chart after bouncing from the support zone highlighted.
If we see the market pullback or retrace to the zone of 0.8520 we could look for a continuation long into the key resistance of 0.8750.
Looking to this market we have been in a downtrend on the higher timeframes and we must respect that however we may be seeing an
early change in the trend with the market change cycle on the 4hr chart after bouncing from the support zone highlighted.
If we see the market pullback or retrace to the zone of 0.8520 we could look for a continuation long into the key resistance of 0.8750.