NZDUSDThe rate has climbed up to test the two-and-a-half-year falling trendline resistance (which is also a 3-month-long falling channel resistance)
At the moment I am flat/slightly bearish and will be looking for a reversal pattern at the resistance (double top or head and shoulders pattern) to target the the rising channel support around 0.7000.
Only a break above the 2016 high at 0.7480 would turn me bullish on the pair.
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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.