OANDA:NZDUSD New Zealand Dollar / U.S. Dollar
Here on the NZDUSD , we have a market that has just come into a level of resistance that I will be paying attention to for short trades. This is an area that has been tested multiple times as support and could possibly be a level that this market pushes down from. This would qualify as a valid Optimal Trading Zone where I'll be lookng to short.
Also, NZDUSD is essentially in an Uptrend, with a slight indication that the market will continue in this direction if our Resistance Weekly Zone is broken. If the market does break our , then this area will be an area that I look for possible long trades out of throughout the week.