I've created a technical analysis chart for the NZD/USD currency pair on TradingView. Here are the specific actions I've taken on the chart:
1. **Highlighted Previous Week's Highs and Lows:** - I've marked the highest and lowest points of the previous week on the chart with horizontal lines labeled as "WEEKLY HIGH" and "WEEKLY LOW."
2. **Key Psychological Numbers:** - I've highlighted key psychological price levels in grey boxes. These levels are often round numbers that traders commonly watch and can act as support or resistance points due to their psychological significance to market participants.
3. **Daily Confirmations:** - We have two daily confirmations at the end of last week, indicating significant movements that sustain trends on the daily timeframe.
4. **Potential Reversal Zone:** - We are currently moving into our psychological zone, suggesting that we might see a potential reversal.
Overall, my chart reflects a detailed analysis of recent price action with a focus on significant highs and lows, key session highs, and critical price levels that may influence future trading decisions.
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