NZD/USD tends to new heights
After the breakdown of the level 6/8 (0.6958) price without stopping reached overbought zone. Despite the strength of the bulls, the rollback to the area of STD1 did not happen, so the breakdown of marks merger STH4 with the level 0/8 (0.7080) could lead to a further reduction. While the pair does not seek to down and have a chance to test + 1/8 (0.7141) level again. About this signals the reluctance price to go lower STH4, as well as a clear bullish trend with respective colors of both ST.
Sell – 0.7060; sl – 0.7090; tp – 0.7015.