NZDUSD Trade Idea

Hi Traders, I took a few days off to fully enjoy the precious time with my family & friends celebrating Chinese New Year, It's been so long since I'm totally off the chart for several days. For those who concerned if I'm okay, I am fine :)

In today's trading session, I will be very cautious of possible consolidation as NU has been rotational the past few days. If NU is again rejecting 0.7243 resistance zone, we could expect some bearish movement towards 0.7182 minor support zone. However, if we notice a clear break above 0.7250 zone, we could have potential long entries with a break & re-test setup. Avoid chasing it if the market is just slowly grinding OR moving sideways.

Do not forget the overall trend on the higher timeframe remains bullish.

Trade safe.

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