ryancubilla

NZDUSD might break the higher high

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD retest the 0.68724 level but failed to close below the low and rallies back to previous higher high. This is an indication that the buyers are still in control of the market. I will be expecting for price to break the previous higher high and retest the upper trendline. If the price consolidate and failed to break the previous higher high then it will have a higher possibility to retest the new higher low at around 0.6900 level.
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