NZDUSD is testing a breakout of the big uptrend. We have printed 5 hourlies outside the trend which suggestst that there are not a lot of buyers here. This supports the breakout theory. If it does break the targets are clustered int he .7300 area ( .786 fibo from the day chart), the Moving Average at the .7282 and the S5 HSI targets at .07349. Additionally we have had a MACD crossover on the hourly chart. Look for shorts on rallies back to the trendline with tight stops and confirm with a Wild Card/Royal Flush trade setup.
