NZD/USD Long-Term Trend: Bearish
Key Resistance Levels: 0.6963, 0.6944, 0.6900
Key Support Levels: 0.7000, 0.7018, 0.7030
The price is trending to the downside by posting lower lows and highs. A correction count has been posted to the resistance (previously support). We expect further movement to the downside in the same direction of the main trend.
NZD/USD Medium-Term Trend: Bearish
On the 5-mins time frame, the price posted a double top near the strong resistance (0.70000 USD) and reversed to the downside. a higher correction could be seen to the neckline of the double top before a huge sell off to the target profit.
Sell Market Order @ 0.6980
TP 1 @ 0.6963
TP 2 @ 0.6944
Stop Loss @ 0.6988
Trade Safely 🙂