On the NZDUSD daily chart, we can see that the pair is bouncing off the channel support and the 200 SMA 0.6850 level. This bounce could lead to an upside test of the 0.6920 for the extension higher. Only a daily close below the 0.6850 level would invalidate the upside swing.
Note: Look for the long trade entries with the stop loss below the 0.6850 level.
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