EUR/NZD has clearly broken out of the teal trend line and we are now at the re-test of it with multiple confluences to buy and have a long bias all of 2017.
Breakouts will re-test 99% of the time of where they broke out from and it just so happens, this one also has an ending diagonal (in yellow) smack dab on the teal trend-line re-test.
It is getting very compressed at the bottom and when compression happens on diagonal patterns, you will see EXPLOSIVE breakouts a majority of the time.
Our last long bias confluence is a clear bat pattern highlighted with the transparent purple. This is a daily chart, so keep your position size correct to deal with swings until we have some clear breakouts.