Last week, NzdUsd has broken under important 0.62 support. However, the pair lacked continuation and has blocked and formed new strong support above 0.61.
Friday's candle is a Pin Bar exactly from this support which can be the signal for reversal.
Confirmation for reversal comes with a break back above 0.62 and, in such a case, NzdUsd can continue its ascent to important 0.64 zone resistance.
I'm bullish as long as last week's low is intact
Friday's candle is a Pin Bar exactly from this support which can be the signal for reversal.
Confirmation for reversal comes with a break back above 0.62 and, in such a case, NzdUsd can continue its ascent to important 0.64 zone resistance.
I'm bullish as long as last week's low is intact
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