After the tight squeeze on lower time frames of price and finally the break of its most recent low we can see that "Nzd/Usd" has broken out to the downside, this trade was executed due to the break of Wednesdays daily candle a simple 2 bar setup. We have major resistance at "0.7300" while price is under traders should look to go short on any sign of strength, support and target "0.7000"
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.