NZDUSD has retraced for the half of today's trading session and is seen resisted at its previous high around 0.6555.
A double top is then forming, signaling for the price to fall further.
The price was also resisted within a supply zone @ 618 just below a falling trendline.
A double top is then forming, signaling for the price to fall further.
The price was also resisted within a supply zone @ 618 just below a falling trendline.
Note
Price survived the retracement and begun falling. I suggest taking some profits when the price is near 0.65.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.