Daily Forex Trading Commentary - Wednesday 23rd April 2014

NZD/USD - Consolidating Above Support, Pop Higher To Come?

This pair is consolidating above support at 0.8555 this week and produced a small pin bar today - could we be about to see a pop higher and retest of 0.8745 resistance? The most logical play here would be a buy-stop order above the high of yesterday's bar to trade with momentum behind us.

This price action trading commentary is published by Lewis Barber and represents his current view of the forex market.

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