Lingrid

Lingrid | NZDUSD end of ACCUMALATION phase

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
The market is ranging after impulse movement. It is the accumulation phase of the market. Price action broke the key level at 0.61000. The market was fixed below this range zone. It failed to make new highs at resistance level, which suggests that a pullback probably will occur. I expect price to grab liquidity above and go down from the resistance in anticipation of retesting the lower boundary of the upward channel. My goal is the support level at 0.60120


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