Price tested key resistance last week. Today price fell sharply against the current resistance level , where price rejected a move to the final resistance level . Nevertheless, I could see price reverse back to the upside, potentially all the way to final resistance level .

NZDUSD Fall From Key Resistance, Could Price Hold? by EmpowerTrader

Trade Step-ups:

Bearish Reversal: Price rejected a move higher to the final key resistance level , Profit levels to look for are .6500 and .6430.

Bullish Breakout: Price moves back to last resistance level and manages to consolidate above .6620.

 

 

 

 

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