NZDUSD Trade Idea

٢٢ يناير ٢٠٢١

In yesterday's analysis, I discussed about the potential re-test of 0.7240 resistance zone. In yesterday's session, NU created a double top forming a minor resistance at 0.7218 zone. Currently remain neutral bias as there's no clear directional bias within a wide range. Will be monitoring the reaction at 0.7174 support zone, if there's a clear rejection we could expect a bounce back to 0.7240 resistance zone.

However, do not forget the overall trend on the higher timeframe remains bullish.

Trade safe.

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٢٢ يناير ٢٠٢١

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