NZD/USD - Sell Off Incoming?!
What Is The Market Telling Us?
- We have seen price range between the resistance and support of the channel
- Market decived bears with a fakeout of channel on downside, triggering many BUY order for price to re-enter the channel
- Previous evel @0.61460 has been broken with over-extended bullish candle, bringing more momentum for price to reach resistance for sell off
- Strong bullish rejection has been shown from long upper wicks rejecting horizontal & trendline resistance
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