Interesting opportunity showed up on NZDUSD. Lately there was a breakout below bearish channel on H4, where pair was since mid-October. Currently we can see faster gains and most important breaking important resistance in 0.6600 area. In predictions on this pair helpful can be overbalance strategy which is comparing ranges of earlier movements. In the overbalance theory we can see very often similar range. Nothing stays forever and the movements must end eventually. If it will happen again current gains should end in 0.6700 area. There should start correction which we can use.
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Looking at D1 chart we can see that gains are very dynamic and there was strong breakout of resistance. This area should be a support in near correction, There are no bands till top from beginning of November – 0.6780 area. It means that using correction we can earn 120-150 pips.