NZDSGD at Key Resistance – Potential Sell Setup
NZDSGD has reached a clear resistance zone, an area where price has previously struggled to break through. This level has historically acted as a strong supply zone, making it a key area to watch for potential reversals.If sellers step in and confirm a rejection from this resistance, we could see a move lower toward the 0.76570 level, which aligns with the current market structure. However, a strong breakout above this resistance could invalidate the bearish outlook and signal further upside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
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Related publications
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.