In the higher time frame i can see that NZD/USD is consolidating near the Key resistance area, which it failed to break above after multiple attempts.
I expect the price to once again fail to break the Key resistance area, and the price to fall until the key support area (Yellow Rectangle)
If the price manages to reach the yellow support area and manages to break below it, I expect the market structure to reverse indicating an end of the bullish uptrend that it had been following, and a new downtrend to be formed.
I expect the price to once again fail to break the Key resistance area, and the price to fall until the key support area (Yellow Rectangle)
If the price manages to reach the yellow support area and manages to break below it, I expect the market structure to reverse indicating an end of the bullish uptrend that it had been following, and a new downtrend to be formed.