The NZD/USD currency pair is currently showing strong bearish potential. This outlook is supported by the formation of a double top chart pattern, a common technical signal of a potential reversal from bullish to bearish.
Additionally, the presence of a swing high reinforces the likelihood of continued downward movement. As long as the price remains below the latest resistance level, the bearish trend is likely to persist.
Recommendation:
- Sell NZD/USD
- Entry: 0.59450
- Take Profit: 0.59150
- Stop Loss: 0.59650
*DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the use of the information contained.
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