jwiens27

NZDUSD Long Continuation before Reversal

FX:NZDUSD   Dollar New Zealand / Dollar AS
After yesterday's closing on a bullish pinbar (signaling continuation in this context) I expect the pair to continue upward for the near term. Upon reaching the 200 day SMa we will have a Sell signal expected to last ~1 week. Wait for reversal confirmation on the daily chart watching for a close of the daily candle following a breach of that resistance zone, as the pair has the potential to breakout into a full blown bullish trend.

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