NZDUSD is on the verge of a breakout and upward reversal.

2月20日

In a previous analysis of NZDUSD, I mentioned that as long as the 0.6 zone remains intact, the decline from the recent high could not be categorized as more than a mere correction.
Since then, the pair has consolidated but has remained resiliently above the mentioned level. Last week brought about a new reversal from the support level, and as of the current writing, the pair is pushing for an upward breakout.
I believe we will witness this breakout sooner rather than later, with the 0.6350 resistance level as the target in this instance.

2月22日

注释

As expected, NzdUsd broke above resistance.
The idea remains unchanged: Buy dips for this pair with 0.6350 target