Candlestick_OB

NZDUSD reaches upper channel boundary, shows reversal signs

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
The NZDUSD has been trading within a channel since mid-March and has now reached the upper edge of the channel. It has shown signs of reversal towards the downside. I expect the price to respond and fall to around 0.623, where it will meet the 100-period moving average on the 4-hour timeframe and an ascending monthly trendline

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