Over the past few months the price have been consolidating in a BOX Zone(Highlighted Pink), the recent breakout movement have been hit by a healthy retracement, I do expect price to resume its bullish momentum.
Do take note of the nice trendline which will be acting as an resistance to break which will validate this insight.
Do take note of the nice trendline which will be acting as an resistance to break which will validate this insight.
Note
NZDUSD Approaching strong resistance at around 0.713x. If you wish to long, wait for a healthy retracement before entering near the trendline.
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To give is to receive...
Like me on Facebook: facebook.com/FUsingapore/
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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.