NZDUSD: Structure Analysis & Complete Indecision 🇳🇿🇺🇸
Updated
NZDUSD is trading in a sideways.
Since April the market is trading within a wide horizontal trading range.
0.711 - 0.7145 is its support
0.729 - 0.7315 is its resistance
For range trading, consider its boundaries.
Buying from support and selling from resistance, you can catch nice moves.
To catch the next swing move,
wait for a breakout of the range's support/resistance:
- In case of a support breakout (daily candle close below),
the price will most likely drop lower.
Goal will be 0.696 (the next daily support) - In case of a bullish breakout (daily candle close above),
the price will keep growing.
Your goal will be 0.744 (the next daily resistance)
❤️Please, support this idea with a like and comment!❤️
Note
Check my new analysis on USDJPY: 
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.