The NZD/USD pair is currently expected to move lower. This bearish outlook is supported by candlestick confirmation along with signals of a trend reversal to the downside.
Furthermore, the formation of a double top pattern strengthens the bearish bias, suggesting a strong potential for further downside in the short term.
Recommendation:
- Sell NZD/USD
- Entry: 0.58850
- Take Profit: 0.58574
- Stop Loss: 0.59018
*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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