NZDUSD: Structure Analysis & Complete Indecision 🇳🇿🇺🇸
Hey traders,
NZDUSD is currently trading within a wide horizontal trading range on a daily.
0.71 - 0.715 is ist resistance.
0.692 - 0.695 is its support.
To catch the next directional movement,
wait for range's boundaries breakout.
Bullish violation will push the market to 0.73 level - the next strong resistance.
Bearish breakout will lead to a continuation to 0.68 level - the next strong support.
For intraday trading, you can consider the boundaries of the range as the entry points.
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