NZDUSD: 3rd Dive before Completion of Bullish Bat

NZDUSD broke out of a bearish structure as it broke above a 2-week falling trendline.

This morning, the price continued to climb from a minor support at 0.6610 but was obviously weak. The price has proceeded to fall again and broke below the minor support and is likely to form the 3rd dive. Once that completes, a Bullish Bat will be completed in the process and we can look to buy NZDUSD. Buy Zone: 0.6595 – 0.6575. Targets: 0.6632, 0.6655, 0.6686.

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