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NZDUSD – Breaks Through Key Resistance | Jun 8
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.
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