In December 2016, the NZD/USD pair was trapped within the depicted price range (0.6860-0.6990) until a bullish breakout occurred. A bullish breakout above 0.6960-0.7000 pushed the pair toward the price level of 0.7100 (the key level) which failed to provide sufficient bearish pressure. Bullish persistence above 0.7100 allowed a further advance toward 0.7250-0.7350 (sell zone) […]