Weekly Price Action Setups & Trade Ideas | Sep 23 - Sep 28

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NZDUSD – Second Re-test of Key Resistance (Daily chart)

Price Action Context

After breaking through the weekly support zone (0.680-0.685) in the end of June, the pair has continued to sell off further, with plenty of room before reaching the next closest support level.

Trending Analysis

The LT trend started off with little volatility but has since gotten more volatile whilst still respecting key zones well. Bias clearly bearish both LT & MT and the current pullback offers potential shorting opportunities to bears.

Key Support & Resistance Levels

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