NZDSGD - in Resistance zone - Can it get to 0.76700?OANDA:NZDSGD is in a supply zone that has before been an area for bearish reversals.
As of now, the pair is testing this critical region, and based on previous price action, a rejection could potentially drive the price lower toward the 0.76700 level.
But if the price breaks through this resistance, it would invalidate the bearish bias and open up the possibility of a continued upward movement. In that case, you can look for the next key resistance levels for potential targets for bullish continuation.
Keep a close watch on price behavior in this region and use prudent RISK management strategies to navigate the market's uncertainty.
Feel free to share your thoughts or views in the comments!
