Still we have about 50 pips of correction. Price should not go lower than 1.740 after this level -long with small SL. Just carefully around 1.7236( strong resistance).
That should interest you
NZDUSD has been has been in a medium term bull run for a while now and that came to an end last Friday. The bears of this pair went below the uptrend line which was in place as support. Although NZDUSD is bearish at the meantime, the bears are far gone.
According to the daily chart, NZDUSD sustains below, but the overall bias is still bullish. As per the current price action context, if the price can break above 0.7300 to 0.7310 area with an impulsive bullish candle close, the bulls may continue the bullish…