Sunday Thoughts on NZDUSD

From the screenshot above you can see that the price has bounced off the minor support at 0.6980. I will be ideally looking for a rejection candle in the 4H chart. The opening is very important, so we need to wait and see the price action. The daily candle is similar to an inside bar (although not an exact inside bar) and has formed on a minor support, as well. I will be looking for a suitable entry, but it seems like a stop loss could be placed just under 0.6940. My first price target would be around 0.7100. My secondary price target would be at around 0.7150. A potential third price target is at the level of 0.7350.