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DeGRAM | NZDUSD false breakout of the resistance

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
DeGRAM  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns Support and Resistance nzdusdanalysis nzdusdsignal
12
3
trendanalysis chartpattern supportandresistance nzdusdanalysis nzdusdsignal
NZDUSD is trading in an ascending channel, and it rebounded from resistance. 

The market is overbought, and it created divergence at resistance.

We expect a bearish move from the resistance; there is a false breakout, which means bulls run out of steam.


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