Looking at key supply and demand levels on NZDUSD pair. Price recently hit a key supply level and resistance level as well and had a small reaction, however, I wouldn't take profits beyond the demand level below, just because of the strong movement to the upside, demand seemed to be in control in the last weeks.
Nevertheless, If that supply and resistance level is holding as strong as it did last time price went there, maybe it could be a potencial reversal signal in trend direction.
I'll be paying close attention to this pair.
Nevertheless, If that supply and resistance level is holding as strong as it did last time price went there, maybe it could be a potencial reversal signal in trend direction.
I'll be paying close attention to this pair.