NZDUSD – Breaks Through Key Resistance | Jun 8

Verified Profitable Trader

NZDUSD – Breaks Through Resistance Zone, Two Way Market (1hr chart)
Unexpectedly (in my eyes) the Kiwi broke through our key resistance zone quite convincingly creating a two way market here with bulls in control ST.

This resistance zone should become a ST base for an attack higher. Near term resistance comes in at 7193 where I’m guessing some offers will be parked.

Impulsive selling from here means we have a more complex corrective structure in place while a breakout puts 7215 and 7293 in focus.


Read my latest article 8 Resources for Your Brain, Trading Mindset & Meditation

Want More? My private members get all my trade ideas & market commentary 4x per week. Click here to become a member.

Related Article