NZDUSD - Healthy retest or false breakout ??
Updated
We need a close today below the daily resistance around 0.71650, for this to be a healthy retest!
A close between the two daily resistance levels 0.71650 & 0.71785, could imply that the market is building up a bigger position, to move the market in both directions. Price action will then be the key to find direction!
A close today above the daily resistance around 0.71785 is likely to confirm a false breakout to the downside, and we start to move further up from here...
A close between the two daily resistance levels 0.71650 & 0.71785, could imply that the market is building up a bigger position, to move the market in both directions. Price action will then be the key to find direction!
A close today above the daily resistance around 0.71785 is likely to confirm a false breakout to the downside, and we start to move further up from here...
Note
We closed above the daily resistance around 0.71785, but I do like the price action, so will see how it looks like tomorrow morning. But the odds for higher prices are likely.Trade closed: stop reached
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