NZDUSD Daily Chart Analysis.

NZDUSD daily chart shows how price formed a double bottom formation at a support level and retraced back to the peak resistance level which was our 50% fibonacci retracement.

After coming down to the 4 hours chart noticed how price formed an ascending channel at the resistance level. Price broke out from this structure giving a notice that it’s time to sell.

Sell NZDUSD @0.66650

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