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    -39.83 (-0.34%)
     

  • NZD/USD

    0.5892
    -0.0013 (-0.22%)
     

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    0.5523
    -0.0022 (-0.39%)
     

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  • NZD/JPY

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NZD/USD Retracement Trend Line is Broken

Nenad Kerkez
Updated

The NZD/USD consolidation has just broken above the retracement trend line and D H3 camarilla level at 0.7288. The pair has been in a steady uptrend since December 2017, and 0.7305 could be the next target. Breakout of 0.7305 or 4h close above it and the famous “kiwi” could go to 0.7330-50. As long as it stays above 0.7240, the intraday trend is bullish.

NZD/USD Retracement Trend Line is Broken
NZD/USD Retracement Trend Line is Broken

W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)

W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)

D H4 – Daily Camarilla Pivot (Very Strong Daily Resistance)

D L3 – Daily Camarilla Pivot (Daily Support)

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D L4 – Daily H4 Camarilla (Very Strong Daily Support)

POC – Point Of Confluence (The zone where we expect price to react aka entry zone)

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This article was originally posted on FX Empire

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