NZDUSD - Hopefully a clear direction will established next week.
This pair has been on a Bullish run of late but is now approaching strong resistance around 0.73300.
A range box can be drawn from the lows of 26/01 and the highs of 31/01. A breakout strategy may be favourable in this setup.
Waiting for a kumo cloud crossover to show is a necessity before entering short.
If the price fails to break through 0.74000 and therefore failing to create a new Higher high, we can expect Lower lows to form
A range box can be drawn from the lows of 26/01 and the highs of 31/01. A breakout strategy may be favourable in this setup.
Waiting for a kumo cloud crossover to show is a necessity before entering short.
If the price fails to break through 0.74000 and therefore failing to create a new Higher high, we can expect Lower lows to form
Trade active:
entered short on the break out of the box area