NZD/USD
Time frame: H4
Technical Analysis: The chart shows that on 08.10.18 pair has entered an upward trend. During the Flash Crash, which was registered on January 3, 2019, NZD/USD reached critical support and then quickly reversing over it, indicating that it was still active. Currently, the price is about 40 pips out of key support, from where purchases will be more likely.
Indicators: The price is below 50 and 200 EMA, and for the time being they indicate resistance to the price.
DeM - in over-sold territory that supports the "buy" scenario.
Aggressive entry: Buy Limit at 0.6770
Conservative entry: Once the price has tested the support and a price action formation is formed that signals a reversal.
Stop loss: 0.6740
Alternative Scenario: If the price breaks critical support, it will continue to become decline.
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