Jal121

NZD/USD - Textbook Break and Retest Setups

Long
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
NZD/USD has been on a long term uptrend since March 2020. Zooming into the 4hr we can identify an ascending channel that has been respected for some time.

Here can see that key levels are being broken to the upside and price is coming back to retest the level as support. From these levels we can take out long positions as a break and retest setup.

It will be interesting to see whether price continues it's bullish move and break through the 0.73 whole level, already once respected.

Drop me a message if you'd like to ask any questions.

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