Reason for the trading strategy (technically):
Price has dropped perfectly from our selling area and is fast approaching our profit target. We prepare to buy above major support at 0.7333 ( , horizontal swing low support, ) for a push up to at least 0.7389 resistance ( , horizontal pullback resistance).
(34) sees intermediate resistance at 49% which continues to hold it down, as long as remains below this level, our long term view on NZDUSD would be .
is seeing major support at 8% signalling that a short term correction is fast approaching.