NZDUSD currency pair on the hourly chart rebounded from the resistance, that is the downtrend line, parallel to the earlier, the broken line. We also see that at this point forms a double peak, which may point to a further declines.

If the price will remain under the maxima of candles that make up the last local highs the price should continue to slide. Alternatively, the closure of on the hourly chart above the highs, negate the pro-downward bias on this pair.

2005-NZDUSD


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