NzdUsd was finally able to breakout of its multiweek range phase.
We saw a decisive breakout on the daily chart, followed right now with a retest of the breakout level.
I like the technicals and fundamentals on this pair.
I initiated a buy position @ 0,7390 looking for a move towards first target 0,7550 and second target 0,7710.
Stop is placed at 0,7350.
Imho 0,7390 is pivotal and bulls should try to hold this crucial level.
We saw a decisive breakout on the daily chart, followed right now with a retest of the breakout level.
I like the technicals and fundamentals on this pair.
I initiated a buy position @ 0,7390 looking for a move towards first target 0,7550 and second target 0,7710.
Stop is placed at 0,7350.
Imho 0,7390 is pivotal and bulls should try to hold this crucial level.