Over the past few months the price have been consolidating in a BOX Zone(Highlighted Pink), the recent breakout movement have been hit by a healthy retracement, I do expect price to resume its bullish momentum.
Do take note of the nice trendline which will be acting as an resistance to break which will validate this insight.
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NZDUSD Approaching strong resistance at around 0.713x. If you wish to long, wait for a healthy retracement before entering near the trendline.
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