NZDUSD is clearly in bullish mode, making a nice impulsive trend, so it’s important to stay with this direction, at least for now. That said, we will expect more gains after any three wave retracement. We will be tracking wave 4 in the next few sessions. It may retrace back into the 0.6585 – 0.6648 area, which can be an ideal zone for a new bounce. If we get this pullback, we may look for longs sometime this week.
NZDUSD, 1h
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