NDZUSD 4h Timeframe
This move is making higher highs and taking out former higher lows. You can see that price broke the 0.65409/0.65452 resistance zone, then fell back down twice testing support there making a good level of market structure. That same area is also the .382 fib retracement level. And last but not least I want to point out the bullish consolidation pattern that I'm expecting price to breakout to the upside from.
NZDUSD daily timeframe:
NZDUSD daily timeframe:
Trade closed: stop reached
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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.