NZDUSD Closed Above Major Resistance
Classic case of resistance turned support in my opinion. This pair just close above the .76200-.76300 resistance zone which I have marked in yellow. My consensus is that this pair will play around above this resistance level throughout the week before pulling back down through what is not the support zone of .76200-.76300. I will be long in this position, with my target set to around .77166.
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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.