NZD/USD in the coming week

I didn’t feel very risk averse and am trying to milk the situation.

In the coming week scenario 1 is a small correction and a rocket upwards after, however we need to be aware that this is a very subtle break in the triangle therefore it is reasonable to wait a bit before going long.

Support lines that we need to be aware of are 0.6857, 0.6756, 0.6610, 0.6528. These points may hit an end to the correction.

In the long term after escaping an ascending triangle a goal of 0.75429 is set with intermediate goals of 0.71969 and 0.72791. In the coming week there is no strong fundamental sentiment for the NZD and the Wednesday USD movements can easily be hedged with another instrument at that point (as they will probably have a minor effect on this pair).