As we clearly see, NZDUSD has built up momentum back to the previous daily resistance. Would could happen?
As this is a known area of resistance, we could see price dip below from here.
However, even if price could continue to move up, we could see multiple stalls at the level before a final break above it.
We're waiting for price action to develop at this key region before picking up directions.
As this is a known area of resistance, we could see price dip below from here.
However, even if price could continue to move up, we could see multiple stalls at the level before a final break above it.
We're waiting for price action to develop at this key region before picking up directions.
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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.