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Shingi_Lesetedi

NZDUSD Possible Drop from Resistance Trendline

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
Shingi_Lesetedi Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns
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trendanalysis chartpattern
We can see a very strong structure trendline that is holding price in a bearish trend. Price is back at this structure and is forming a double top. If we get good entry criteria on lower timeframes price could at least reach 0.61480 and at most reach 0.51880 if our pattern is right.
Comment:
As we can see the bulls are still in control of this market so I'd stay away from any shorts until we get a clear structure break down.
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