OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
3
Observing the price action i am able to discover the intense resistance of the 0.72200 zone. We have a ascending wedge formation with a double top. If this trend continues to the 0.72200 zone and rejects, i will likely have a sell setup for this. The last occurrence of an attempt to break that price zone. resulted in a significant fall in price action est -5%. In the daily chart. It doesn't show much time above the 0.72200 price. I have a stronger prediction of seeing this price declining at this zone. Then overcoming it. More time to tell for sure. Thanks for reading.


Disclaimer

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.