• Bulls moving in at a 4-hour 50% mean reversion mark.
• The is a risk of a significant move to the downside if 0.6680 is broken. 

As per the prior analysis, NZD/USD flying towards 0.67 the figure despite Russia angst, the bird crept higher for a deeper test of the M-formation's neckline. 

NZD/USD prior analysis

As can be seen in the chart above, the price was moving higher with a bullish conviction for the week. Despite the ebbs and flows of risk sentiment supporting Russia, the bird has managed to hold onto the bulls and keeps rising:

NZD/USD H4 chart

The bulls may start to look to jump in again at a discount from the 50% mean reversion mark for the sessions ahead. If not, then there is a considerable risk of a significant move to the downside if 0.6680 is broken.