Buy NZD/USD on retest descending trendline.New Zealand Dollar/US DollarFX:NZDUSDForexExpats1The NZD/USD pair has broken a descending trendline on the monthly / weekly timeframes which is very bullish. There is a chance price action might retest this level for the next up leg. First profit is 78.6% fib retracement at 0.6186 on the weekly timeframes and eventually 0.6378. Please note if war starts between Iran and US it might be wise to get out of this trade due to this pair being a risk on trade. Buy Limit : 0.5940 retest descending trendline Stop : 0.5842 under 200 Daily MA now at 0.5874 Profit : 0.6186 78.6% Fib retracement (Weekly) Risk 2 : 5 / stop is 98 pips