Strong tested support, struggled to break weekly trend line.
Double top, strong resistance, candlestick pattern
NZDUSD forming potential a potential head and shoulders on 15 mins It is also at a key level of support and at a strongly test daily trend line
As shown in the chart, the pair has reached a linear level which had been used as a strong resistance several times before. There is further confluence when considering the fact that the market is at the 0.786 fibonacci level
A good SELL opportunity due to the fact that the current market is on a ranging market as well as the fact that it is high on RSI. We can therefore anticipate a drop. There is further confluence when we consider the fact that the top linear level had been rejected previously 3 times.
USDJPY is in a strong day uptrend, as we can see it retested a strong support that has been tested multiple times. it has touched a 4 hour trend line indication buy pressure is still present.