NZDUSD Resistance

Chart courtesy of Advanced Get. Data provided by eSignal.

I have been stopped out of yesterdays trades with a loss but have not analysed them today to give any further information on that. I have managed to acquire a cold (thanks Siegi) hence my late update today.

The chart above shows a weekly NZDUSD pair at the resistance level from 2005. Watch for either a breakout or a fail in momentum and a drop in price. Candles will provide possible clues here. We have some divergence on the weekly and mainly daily.

Good luck.