NZDUSD Analysis April 12, 2020

On the H4 timeframe we broke above the 200 day moving averages. Which is our last line of defense. On the daily we have a lot of room before we reach our next key level of structure. I am expecting price to continue to rise based on currently structure. Let’s bump down to a lower timeframe to see if we can recognize any setups. On the H1 timeframe I am seeing a weakening trend. We will look for a break and retest of the resistance level before targeting higher