GBPNZD – waiting for a range breakout
Seems as if the market is waiting for tomorrow and Friday’s important announcements, most currency pairs are ranging around an important level. This is also the case for the GBPNZD:
If it breaks the top of the range it will trigger a bullish condition, then I’ll start looking for short opportunities
If it breaks the bottom of the range it will trigger a bearish condition, and I’ll start looking for short opportunities.
Since it is not a well defined range I will no trade the short term range