NZDUSD: Back to Trend

NZDUSD is reversing.

after a pullback from year's low bears are willing to push.

we see a strong bearish reaction from 0.6325 daily resistance
on 4H this resistance matches perfectly with the resistance of a major falling channel.

now the pair is in an attempt to break a rising trendline on 1H.
it is the last resort for buyers and it case of a bearish breakout of it the market will drop to the current low.

key levels:
0.625
0.620

good luck!

Comment:

still on trendline