forexwithfred

NZD/USD - Sell Off Incoming?!

Short
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
What Is The Market Telling Us?
  • We have seen price range between the resistance and support of the channel

  • Market decived bears with a fakeout of channel on downside, triggering many BUY order for price to re-enter the channel

  • Previous evel @0.61460 has been broken with over-extended bullish candle, bringing more momentum for price to reach resistance for sell off

  • Strong bullish rejection has been shown from long upper wicks rejecting horizontal & trendline resistance



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