AUD/NZD resistance being broken & retested... What happens next?

17 Nis 2019

Our resistance zone was broken at around .6726... A clear breakout, but is now being retested. If the retest holds then that resistance will then become a support zone which will incline this trade to be long... if the retest fails and it falls below the resistance level then we can expect a short sell... Both scenarios are subject to closing of confirmation candle which breaks or resists the zone...