{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/nzdcad-flies-through-key-resistance-for-potential-re-test-trade-setup\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/nzdcad-flies-through-key-resistance-for-potential-re-test-trade-setup\/","headline":"NZDCAD Flies Through Key Resistance For Potential Re-test Trade Setup | 23rd July 2015","name":"NZDCAD Flies Through Key Resistance For Potential Re-test Trade Setup | 23rd July 2015","description":"The NZDCAD has flown up and above a major daily resistance level that\u00a0had been containing price for the previous 12 days. As the two daily charts show below; both zoomed out and in, this key level is of major significance to price and now the price has broken through, it could become a ‘price flip’ […]","datePublished":"2015-07-24","dateModified":"2019-08-05","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2015\/07\/1ps.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2015\/07\/1ps.png","height":657,"width":1187},"url":"https:\/\/forexschoolonline.com\/nzdcad-flies-through-key-resistance-for-potential-re-test-trade-setup\/","about":["Price Action Charts in Focus"],"wordCount":275,"articleBody":"The NZDCAD has flown up and above a major daily resistance level that\u00a0had been containing price for the previous 12 days. As the two daily charts show below; both zoomed out and in, this key level is of major significance to price and now the price has broken through, it could become a ‘price flip’ level and hold as a new support level.As the zoomed out chart shows below; this level has been a proven price flip level going back a long way that has acted as both a support and resistance level. Now that price is above the resistance level it will be crucial to see how the price action behaves if we do get a re-test at the old support\/new resistance level.If price does pull-back into the price flip area, you could watch the key daily area for potential high probability A+ bullish trigger signals to get long, just like the trade setups I teach my members in the Lifetime Membership Price Action Course. For any trades to be confirmed you are going to need to see quality bullish trigger signals formed at this new support area.If price can move back higher the near term support looks to come in around the\u00a00.87550 area as I have marked on the daily chart below. MAJOR IMPORTANT NOTE: Become a FREE *VIP* Class Member and receive behind closed door teachings not shown to the public! Sign up to become a student here;  Daily Chart Zoomed Out Daily Chart In15 Minute Chart Related Forex Trading Education–\u00a0The Ultimate Guide to Marking Support and Resistance on Price Action Charts"}