NZDUSD – Kiwi Running North?

10 Apr - NZDUSD Daily

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Hi All,

Just a quick update on NZDUSD. This pair has tested the long term resistance level (around 0.846) several times now and even made a false break in Feb (see article).  Also to note, price has been cycling in a very nice upward channel which show good healthy cyclicity.

It is now back to test the level. Yesterday, price broke and closed above the resistance level and it looks like it’s heading further north. Pending on Price Action and how the bar closes today, I am ready to find some bullish setups.

Thank you and happy trading.

 

Note: In case you have not seen it, please feel free to watch my trading video on EURUSD (watch here). This is my 3rd attempt to publish a video, so any feedback will be welcomed. Thank you in advance. 🙂

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