Looking at a short pullback into weekly support and retest of trendline breakout zone. The NZD bullish impulse wave has been pretty extended and was strong enough to break through the weekly trendline to the upside but I don't think it can continue much farther without a slight pullback. I have a bullish bias long term on this pair but I would like to see it exhaust some of its current momentum and retest some support levels to accumulate more buyers before continuing its move up.
-Solid black lines are weekly levels support/resistance (major)
-Dotted black lines are daily levels support/resistance (minor)
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-Solid black lines are weekly levels support/resistance (major)
-Dotted black lines are daily levels support/resistance (minor)
Membership signal blog and Ebooks: www.GratefulChartArtist.com