• Vasily Trader

NZDUSD: Structure Analysis & Complete Indecision

Hey traders,

NZDUSD is currently trading within a wide horizontal trading range on a daily.

0.71 - 0.715 is ist resistance.

0.692 - 0.695 is its support.

To catch the next directional movement ,

wait for range's boundaries breakout.

Bullish violation will push the market to 0.73 level - the next strong resistance.

Bearish breakout will lead to a continuation to 0.68 level - the next strong support.

For intraday trading, you can consider the boundaries of the range as the entry points.