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New Zealand Dollar / U.S. Dollar
Short

NZDUSD: Top-Down Analysis & Bearish Outlook 🇳🇿🇺🇸

410
snapshot

NZDUSD reached a key daily structure resistance.
Approaching that, the price formed a tiny double top pattern on 1H time frame.
Its neckline has just been broken.

I expect a retracement from the underlined area.
Goals: 0.6279 / 0.626

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dollarDouble Top or BottomforecastForexMultiple Time Frame AnalysisnewzealanddollarNZDNZDUSDSupply and DemandtradingUSDDJ FXCM Index

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dollarDouble Top or BottomforecastForexMultiple Time Frame AnalysisnewzealanddollarNZDNZDUSDSupply and DemandtradingUSDDJ FXCM Index
VasilyTrader
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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.