NZD_USD is in the strong uptrend However, the pair is trading in a megaphone pattern And has recently hit its resistance line Which implies a coming move downwards Should we assume that the pair continues to move in this pattern Double top with the lower high is also a bearish signal All signals summed up make me bearish on NZD_USD And I expect it to go DOWN To retest the horizontal key level SHORT! SL ABOVE D-T HIGH!
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.