After a steep decline on NZDUSD in last couple of months, we have seen some buying interest developing on this pair, as the currency looks oversold on higher time frame charts. However, it is too early to tell how far buyers will push price higher. Looking at H4 charts there is still some room for price to move up towards Daily supply zone at 0.6810 or even higher towards 0.6885 level.

As such the best option would be to wait for price to retrace towards 0.6650 and then look for price action to enter long trade.

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