NZD/USD: Buy on the Dips
Bounce from merger of CTD1 with level 4/8 (0.6836) didn't end with testing of a goal at the level 8/8 (0.7080). The fact that price fixed below 6/8 (0.6958) indicates the weakness of the "bulls". CTH4 color has changed, signaling the possibility of achieving the goal at 4/8 (0.6836). It is unlikely that the price did not react at least a minimal rebound from this level, given the upward trend with the corresponding color of CTD1. Therefore, the fall in the area of 4/8 should be regarded as an opportunity for purchases with a short-term goal at 5/8 (0.6897).
buy – 0.6835; sl – 0.6800; tp – 0.6897.