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Deensesay
May 10, 2020 8:29 PM

NZDUSD 

NZD/USDOANDA

Description


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.

Weekly Resistance Zone (0.60800-0.61820)

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 Resistance Zone, then this area will be an area that I look for possible long trades out of throughout the week.

Comments
Volte
I read the caption in David Attenborough's voice. Good analysis tho!
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