NzdUsd- Correction over?

2020-01-08 16:51:22

After it has broken the neckline resistance of the H&S pattern, NzdUsd rose aggressively, exceded measured target, and found resistance at 0.6750.
The pair started the year with a much-needed correction of around 150 pips.
We believe that the correction is over and the pair could challenge 0.6750 resistance again.

Strategy:
Buy dips as long as the price is above 0.66
Target 0.6750