NZDUSD - Wait for Breakout

"NZDUSD currently exhibits a bullish trend, although bearish divergence and a potential bearish double top formation suggest caution. The presence of a bullish flag pattern amidst sideways price movement indicates uncertainty. With price currently consolidating, a breakout above 0.61406 would favor bulls, while a break below 0.60956 would favor bears. Await confirmation of breakout for potential buy/sell opportunities."

This version maintains the key points of the analysis while condensing the information for easier consumption. It highlights the main trends, patterns, and critical price levels to watch, along with the recommended approach of waiting for confirmation before taking action.

Trade active:

Sell trade triggered.

Trade closed: stop reached:

possible news candle