Clean 4h chart show, that we have broken above monthly resistance (red doted line) which now could act as a support.


I see long opportunity now if we will move a bit up to marked blue level and then retest monthly support from above.
If we check 4h chart with pivot points attached, we can see that there where is our marked blue resistance level is exactly MPP, so this gives us a bit more confluence on our trade plan. At the moment we just broke WPP from above. 4h Stochastics crossed and is pointing up right now, which suggest higher prices.

There is no major red NZ or US news in future 24 hours.

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