Forecast for Tomorrow - levels for NZD/USD: correction to reversal

H4 price is on bullish market condition with the secondary correction: the price is traded near Ichimoku cloud and Senkou Span line which is the virtual border between the primary bullish and the primary bearish on the chart. Chinkou Span line is located near the price for ranging market condition to be continuing, and Absolute Strength indicator is estimating the ranging condition for this pair as well.

Intra-day price is on range within the following key reversal support/resistance levels:

• 0.6724 resistance level located above Ichimoku cloud in the primary bullish area of the chart, and
• 0.6543 support level located below Ichimoku cloud in the primary bearish area.
  

If H4 price will break 0.6543 support level on close bar so we may see the reversal to the primary bearish condition.
If H4 price will break 0.6724 resistance level so the primary bullish trend will be continuing.
If not so we may see the ranging market condition or matrket rally within primary bearish.

• Recommendation for long: watch close H4 price to break 0.6724 for possible buy trade
• Recommendation to go short: watch H4 price to break 0.6543 support level for possible sell trade
  
• Trading Summary: ranging on reversal
  

SUMMARY : ranging