Greetings Forexia Family lets break down the analysis on NZDUSD. As I can see from the chart that a lot of people got trapped into buys. Here is how?
1st. We can see that “Resistance acting as a support”
2nd Reason. We have a breakout of the macro trend. “We have breakout traders”
3rd Reason. “We have a mini up trend which induce buyers”
After all this i can say that this pair has more potentials to sell.
PLEASE USE THIS ANALYSIS AS A GUIDE TOOL FOR YOUR TRADING AND USE PROPER MONEY MANAGEMENT IN YOUR TRADING