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NZD/USD New Wave Of Buyers After The Retracement

The NZD/USD positive trend continues. Bulls have been in the zig-zag wave since 0.6580 zone and we should expect even more continuation to the upside.

At this point we see a confluence withing the POC zone 0.6882-0.6889. A rejection off the zone should aim for 0.6920 followed by 0.6945. A close above 0.6945 should move the market move up to 0.6978. Today is profit taking day so get ready for two way price action as buying the dips continues.

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