NZDUSD Daily Chart we can see price is making lower highs which indicates bearish trend. Currently price is making correction after strong impulse to down side. Possible more down pressure. Updates on lower time frames.
Note
15 minute chart price broke rising wedge.Note
Note
Pattern still valid.Note
Price is moving close to Daily Resistance level where should reverse to down side. RSI showing overbought.
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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.