NZDUSD getting redy for the mark-up phase

24 ก.ค. 2016

The market is again testing the Last Point of Support (LPS). These tests are noted by smaller spreads and diminished volumes.  There is consistent dominance of demand over supply. Price has moved to the top of the TR. LPSs in this phase are generally excellent places to initiate or add to profitable long positions. We have reached such a point at the yearly PP and on confirmation of the break back we can take a long position this week.