I am looking at a possible new NZDUSD setup. The price did not go lower and has been on the rise since then. As you can see from the screenshot, it looks like it might be bottoming out. The daily candle from Friday is a long-legged doji (showing indecision). Today’s candle is most likely going to be a bullish candle. One way or another, I will be looking for a small retracement (after daily close) if I am going to enter in another long trade. A good level for me would be 0.6865. I would be looking to place my SL just below 0.6815. My first target would be the level of 0.7050. As you can see from the screenshot above, the next resistance level (take profit zone) is the level of 0.7350.