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NZDUSD hidden bullish divergence supporting uptrend

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    NZDUSD is still keeping a bullish intraday outlook as yesterday hectic PA was mainly due to ECB. The hidden bullish divergence supports the uptrend after a deep retracement that saw 0.6800 zone rejecting the price. Pullbacks towards POC 0.6660-70 are also supported by March uptrend line and DPP + 61.8 fib retracement. Additional momentum will be spurred on h1 close above EMA 89 0.6705 and if the price proceeds above H4 cam PP we should see 0.6755. The setup will become invalid if the price

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