NZDUSD: Trading at an important level, waiting for confirmation
The NZDUSD is trading around an important LT resistance level:
We need to wait for the NZDUSD to break either the ST support or resistance level to have a clear market condition.
My Trading Plan:
If the NZDUSD breaks the ST resistance level, I will be looking for long trade opportunities
If the New Zealand dollar breaks the ST support level, it will trigger a bearish market condition.
If it keeps trading in between the ST range, I will do nothing.