We are travelling in a huge range here.
There will be loads of buy stops above the resistance, which will create a great area for manipulation to occur.
I want to see a spike above before the sell-off as illustrated.
0.66000 is a key area of interest as you can see it has been used as key support and resistance before.. and it is a nice round number also so i am expecting to see bulls take over and push price up after bears pushed price very quickly into this level on Friday.
I will be looking to see where markets open and if we have no market gaps i will be entering a long...
Again, im waiting for price to cleanly break support then we can sell to the target area
We can see price has tested this area several times and been rejected but I anticipate the next break should be the sell signal
As you can see most pairs follow the same patterns.. this is no different
The USD is going to fall as we can see from GBPUSD - This pair is showing the same setup!
Once support is broken use the signal below
NZDUSD - SELL
SL - 0.65103
TP - 0.62006