The NZD/USD has formed a bullish structure that is supported by the ascending trend lines. A possible rejection from the POC zone 0.6665-0.6676 could invalidate any bearish outlook as long as 0.6627 stands firm. The targets are 0.6718 and 0.6748. Breakout above 0.6748 and the doors to 0.6800 will be open.
W L3 – Weekly Camarilla Pivot (Weekly Interim Support)
W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)
W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)
D H4 – Monthly Camarilla Pivot (Very Strong Daily Resistance)
D L3 – Monthly Camarilla Pivot (Daily Support)
D L4 – Monthly H4 Camarilla (Very Strong Daily Support)
POC – Point Of Confluence (The zone where we expect the price to react – aka the entry zone)
