NZDUSD 30min Analysis February 9th, 2021

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Price is currently testing our key structure zone of .7240

Trade Scenario 1: Bullish - For us to go long we need to see price push above our zone of .7240. We will then wait for a retrace and for price to find support around .7240. Enter on strong bullish setups.

Trade Scenario 2: Bearish - For us to go short we need to see price push below our trendline and below .7220. We will then look for a retrace and for .7220 to act as resistance. Enter on strong bearish setups.

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