NZDUSD - Hopefully a clear direction will established next week.
This pair has been on a Bullish run of late but is now approaching strong resistance around 0.73300.
A range box can be drawn from the lows of 26/01 and the highs of 31/01. A breakout strategy may be favourable in this setup.
Waiting for a kumo cloud crossover to show is a necessity before entering short.
If the price fails to break through 0.74000 and therefore failing to create a new Higher high, we can expect Lower lows to form
A range box can be drawn from the lows of 26/01 and the highs of 31/01. A breakout strategy may be favourable in this setup.
Waiting for a kumo cloud crossover to show is a necessity before entering short.
If the price fails to break through 0.74000 and therefore failing to create a new Higher high, we can expect Lower lows to form
Trade active
entered short on the break out of the box area
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.