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AlgoVenture

NZDUSD Short - Falling Trendline, Supply Zone @ 618

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
AlgoVenture Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns NZDUSD kiwi nzdusdshort Double Top fallingtrendline Supply Zone 618 Fibonacci Retracement
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trendanalysis chartpattern nzdusd kiwi nzdusdshort doubletop fallingtrendline supplyzone 618fibonacciretracement
NZDUSD has retraced for the half of today's trading session and is seen resisted at its previous high around 0.6555.
A double top is then forming, signaling for the price to fall further.
The price was also resisted within a supply zone @ 618 just below a falling trendline.
Comment:
Price survived the retracement and begun falling. I suggest taking some profits when the price is near 0.65.
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