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NZD/USD Retracement Trend Line is Broken

January 22, 2018 08:51

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.

W H3 - Weekly Camarilla Pivot (Weekly Interim Resistance)

W H4 - Weekly Camarilla Pivot (Strong Weekly Resistance)

M H4 - Monthly Camarilla Pivot (Very Strong Monthly Resistance)

M L3 – Monthly Camarilla Pivot (Monthly Support)

M L4 – Monthly H4 Camarilla (Monthly Strong Daily Support)

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

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