Nzd has been pricked by the Labour party support. To me it looks like is going to burst out of that multi month resistance zone, possibly after a bit of consolidation. Its 5th touch to the Resistance line. I guess more the # of touches... higher will be the breakout range when it breakout. So be cautious if you plan to short it. Higher lows and higher highs prompt me for a buy setup at appropriate time. Thanks for the setup.
Yes, but I will agree its a shorting setup for Intra-day. But for a swing or larger TF it should be buy. Thank you.