NZDUSD topped at 0.6580 after resisted by a major falling trendline in the weekly chart.
The price fell after tested the resistance twice, forming a double top, and broke both a rising trendline and the neckline of the double top.
As the dollar started to rebound amid increasing risk sentiment, NZDUSD is most likely to sustain a falling trend as commodity-currency may also take a toll.
Simply wait for the pullback to the supply zone as shown to sell.
The price fell after tested the resistance twice, forming a double top, and broke both a rising trendline and the neckline of the double top.
As the dollar started to rebound amid increasing risk sentiment, NZDUSD is most likely to sustain a falling trend as commodity-currency may also take a toll.
Simply wait for the pullback to the supply zone as shown to sell.