The NZD currency has been a really strong Market, maybe because it is holding high interest rates.

We’ve just seen the NZD aggressively rally last week and over extend itself. We expected a correction, and we did see a mean reversion sell off, but it didn’t last too long before strength entered the market again.

Now we’re seeing price print higher lows on the 4 hour, a sign of strength.

A battle station alert came through, alerting war room traders to a bullish engulfing candle. This should really be called a rejection candle because of the long wick, but non the less a Reversal Signal all the same.

We can see a nice swing level here the market is reacting with, and of course the signal aligns with the over all strength in this market.

A similar signal on the NZDJPY 4 hour chart.

This one looks like a stronger Reversal Signal. It has a strong bullish anatomy and has formed at a major weekly support level.

When you get these strong Reversal Signals around these strong weekly levels, there is a good change you’re going to see some follow through.

If this one takes off, it could be a high reward trade…

Lets see how these trades play out. Best of luck on the charts, and stay cool for the BRexit event!