OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar

Here on the NZDUSD , we have a market that has just come into a level of resistance that I will be paying attention to for short trades. This is an area that has been tested multiple times as support and could possibly be a level that this market pushes down from. This would qualify as a valid Optimal Trading Zone where I'll be lookng to short.

Weekly Resistance Zone (0.60800-0.61820)

Also, NZDUSD is essentially in an Uptrend, with a slight indication that the market will continue in this direction if our Resistance Weekly Zone is broken. If the market does break our Resistance Zone , then this area will be an area that I look for possible long trades out of throughout the week.

Comments

I read the caption in David Attenborough's voice. Good analysis tho!
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