NZD/USD is currently forming a potential Double-Top-Pattern after an attempt to break above the monthly key-resistance.
The DAILY RSI is showing an completly overbought situation causing NZD/USD to consolidate with a weaker performance compared to its competitor AUD/USD. A break below the 50 EMA, Trendline and horizontal support-zone could cause more momentum to the downside and give us a great opportunity to short.
A risk-off-sentiment in the stockmarket woulde confirm this idea in terms of correlations.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades Irasor
Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Komentar
Looking at volume you can clearly see no open interest with the previous breakout above the mnothly resistance. The current retracement will show whether this has been a fakeout or not.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.