Please take a look at the NZDUSD 4H chart:
The NZDUSD still is in a bullish market condition, there might not be a lot of pips from where the market is trading right now to the next LT resistance level, but we could expect the NZDUSD to continue moving up, until it hits the LT resistance line.
I will be looking for long opportunities in the NZDUSD. (We need to be careful though with the AUD interest rate announcement, these two currency pairs are highly correlated).
Tags: NZDUSD Analysis