NZDUSD expected to decrease in the near future?
Dear friends,
Today, NZDUSD is currently trading around the price level of 0.595 after facing significant selling pressure near the psychological resistance level of 0.6000. It has formed a double top pattern on the 4-hour chart.
From my perspective, there is likely to be a slight downward correction in the near future, with a break below the trendline and a decline towards the support level of 0.588.
What are your thoughts on the next move for this currency pair?
Today, NZDUSD is currently trading around the price level of 0.595 after facing significant selling pressure near the psychological resistance level of 0.6000. It has formed a double top pattern on the 4-hour chart.
From my perspective, there is likely to be a slight downward correction in the near future, with a break below the trendline and a decline towards the support level of 0.588.
What are your thoughts on the next move for this currency pair?
Note
good luck everyone <3Note
NZDUSD has appeared its first bearish candleNote
On the New Zealand front, the growth rate in the April-June quarter remained upbeat despite higher interest rates by the Reserve Bank of New Zealand (RBNZ).Note
NZDUSD continues to decline, with no recovery yet, and the possibility of further price reduction
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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.