ztokar

NZD.USD False breakout?

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
0
There has been a range in NZD.USD since early Feb.price has broken out a few times only to settle back within the range, right now it looks as though price is again attacking the upper level, could be a potential false breakout. Plays for both sides here

Fundamentally, there have been some hawkish comments this week from the US, so perhaps that is reversing last week's negative sentiment
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.