Lingrid | NZDUSD strong RESISTANCE rejection

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
The price perfectly fulfilled my previous idea. It hit the target level. After an initial impulsive movement, NZDUSD is now consolidating and gradually retracing back to the resistance zone. However, price action has failed to break and close above the key level of 0.62000, which suggests that a more substantial pullback is likely to occur. The weekly chart shows a strong rejection of the resistance level, as indicated by the formation of a long-tailed bar. Given this resistance, I anticipate a 50% retracement of the current price action, followed by a resumption of the trend towards the lower boundary of the upward channel. My goal is the support level at 0.60830

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

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