NZDUSD: Oversold Market & Pullback 🇳🇿🇺🇸

OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar

As I predicted, NZDUSD dropped heavily after the release of Retail Sales
data on Monday.

Analysing a price action today, I see that the pair became heavily oversold.
The price formed a falling wedge pattern and a narrow horizontal range within.

Bullish violation of the resistances of the wedge and the range indicate a highly
probable coming pullback.

Targets: 0.5925 / 0.5936

❤️Please, support my work with like, thank you!❤️

✅Join My Telegram Channel:

❗️YouTube Channel

💰Instagram: 💰


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.