Weekly chart shows us that this pair is in a strong up trend. On chart I marked phases of that up trend.


If we want to join that up trend, we should move down to 4h chart.


We can see that today price broke out of marked range, in which price was for last 2 weeks. Now we need to wait for a retest and then join up trend. This pair average daily range is round 280-300 pips, so pay attention that stop loss should be a bit bigger than on some other pairs. But once you move stop loss to break even, than you could gain a lot of pips.

In New Zealand there are Employment Change q/q and Unemployment Rate news later today European time.

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