With the strong bounce off the recent low at 0.6585, we are seeing it as the completion of a higher degree wave 2.
As long as the recent low holds, and price breaks above the immediate trend line strongly, we might potentially see the start of a new uptrend for the NZDUSD.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.