NZDUSD, either a bounce or a breakthrough
The 0.615 - 0.62 supply zone seems like a ghost town, price has either avoided (rejected) the area strongly or rushed right through
At that area, we have the top of the ascending parallel channel, while a descending trendline awaits as well.
Lots of confluence to short from the 0.62 price, but there's still the possibility of price bulldozing it's way up and through
Might take a week or 2 for this to play out
At that area, we have the top of the ascending parallel channel, while a descending trendline awaits as well.
Lots of confluence to short from the 0.62 price, but there's still the possibility of price bulldozing it's way up and through
Might take a week or 2 for this to play out
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