Uptrend Rising Wedge NZD looking strong & News incoming
Bounced from the support Stoch indicates Oversold
Triple bottom forming Strong support
Bounced from the trendline & Resistance Price will follow the trendline
Bounced off the 23% Fib & Trendline SL: 1.60366 TP: 1.56868
Triple bottom, potential reversal. Strong rejection
Bounced off the resistance line
At resistance, RSI indicates bearish overall
Update to the previous analysis - Downtrend - 70 RSI, overbought
The price has been testing the resistance quite some time. With USD news incoming, forecast if looking bearish, it should drop.
Will bounce back to Support or hit the trendline
Resistance got tested 3 times Price doesn't reach the support anymore, moving on the trendline