NZDUSD: Trading Plan

2 בדצמ׳ 2019

Good morning everyone!

NZDUSD is steadily going up within a rising wedge pattern.
Most likely bulls will keep pushing the pair even higher
at least until 0.646 structure resistance level - current months high.

pay close attention to an upper boundary of the wedge - it will be our first safest zone to sell.
if the market respects the resistance of the wedge look for an occasional breakout of its support.

in case of a bearish breakout, the market may drop to 0.638 and 0.634 levels.

good luck!