NZDUSD: sideways..

The NZDUSD still in sideways and has been since mid of the year. Price has been moving around the sideways area and some level been rejected several times inside the area.

Recently, the price has broken the mid-range higher and it would interesting to see what will the price do on the level higher. Another rejection or maybe continue to moving higher?

Also, be consider the possibility that price moving lower and retest the mid-range in upcoming days. If the price could retest the mid-range and forms some bullish signal, it would be nice to go long. This scenario could emerge in the intraday timeframe.

nzdusddaily-161130

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One comment

  1. […] Note: also watch the NZDUSD as the price now trade below the daily support level and broke off the low of the ‘rangy’ area, as I have been discussed on November 30th article. […]

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