NZDUSD: ⬇️ Sell
– NZDUSD reversed from resistance area
– Likely to fall to support level 0.5950
NZDUSD currency pair reversed from the resistance area between the major resistance level 0.6060 (which has been reversing the price from June) and the upper daily Bollinger Band.
The downward reversal from this resistance area created the daily Japanese candlesticks reversal pattern Shooing Star – strong sell signal for this currency pair.
Given the strength of the resistance level 0.6060 and the bullish US dollar sentiment seen today, NZDUSD currency pair can be expected to fall to the next support level 0.5950.