Breaking News

NZD/USD Double Top Pattern – Breakout Pattern

NZD/USD Long-Term Trend: Choppy

Key Resistance Levels: 0.7182, 0.7193, 0.7204

Key Support Levels: 0.7160, 0.7149, 0.7138

Daily Chart:

The NZD/USD pair is trading choppy between a narrow trading range of 0.7032 – 0.7157. The upward trendline supports bullish bias on the daily chart; however, the downward trendline extends bearish pressure around 0.7230 level.

NZD/USD Medium-Term Trend: Bearish

1-hour Chart:

On the lower time frame, the pair trading below the resistance level that’s extended by a triple top pattern. We expect a breakout to the upside and a rally all the way up to 0.7260. Conversely, below this, the NZD/USD pair can slip until 0.7180 and 0.7153.

Signal Idea:

Sell Order @ 0.7205

TP 1 @ 0.7180

TP 2 @ 0.7150

Stop Loss @ 0.7220

Trade Safely 🙂

About Ali B.

Live Webinar Speaker & Derivatives (Forex, Commodities, and Indices) Analyst with the broad range of skills for evaluating financial data. Expert in investment trends, technical analysis, fundamental analysis, market sentiments, and trading psychology.


  1. Typo for the latest signal? Suppose to be sell right?

  2. Alun Paranggi Wicaksono

    I think what are you trying to say is sell not buy, because the tp and sl don’t make sense

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!

Free Robot!