Whilst price never reached the major buy area, price has been unable to push below the 74 area and long wicks and Doji showing buyer support. Last week price never closed below the Dec 17 closes even though it was pushed down. 1st target to the mid 76 area (blue arrow) and then a short pullback until advancing to the 77600 area for a bigger pullback/pause. Mid term target to the 79/80 area. For safe (confirmation) entry wait for price to trade above the last 2 weeks high. Stop below the Doji and keep moving up below each weekly bar low.
If price breaks down below the Doji look for reversal in the major buy zone.
NZDUSD is already showing upmove.
If price breaks down below the Doji look for reversal in the major buy zone.
NZDUSD is already showing upmove.