Daily resistance ahead of NZDUSD

NZDUSD pair is now approaching a resistance level at around 0.71274. It also has a support at 0,70537.

So I'm expecting a retracement from the resistance and pullback from the support level. And I'll enter into the trade with the pullback.

Pull back should happen at the dynamic support level created by 30 & 50 periods SMA. So stay tuned to get the update.

Update: 01/06/17

Price is now staying near the support area mentioned above and at the same time price has reached the dynamic support area. So now search scope for long entry....