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  • Vasily Trader

NZDUSD: Structure Analysis & Complete Indecision (Indecision)



NZDUSD is trading in a sideways.

Since April the market is trading within a wide horizontal trading range.


0.711 - 0.7145 is its support

0.729 - 0.7315 is its resistance


For range trading, consider its boundaries.

Buying from support and selling from resistance, you can catch nice moves.


To catch the next swing move,

wait for a breakout of the range's support/resistance:


In case of a support breakout (daily candle close below),

the price will most likely drop lower.

Goal will be 0.696 (the next daily support)


In case of a bullish breakout (daily candle close above),

the price will keep growing.

Your goal will be 0.744 (the next daily resistance)

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