Tradeciety

NZD/USD reversal in the making - key levels

FX:NZDUSD   Neuseeländischer Dollar / US-Dollar
544 0 16
The NZDUSD             could set up a short reversal this week. NZDUSD             made a new high today and then showed a pinbar , indicating a fakeout. There are some key price levels close to current price and market structure is ideal.

!!! However, it's too early to do anything just yet and there is also a higher market top at 0.73. Keep in mind, the key to the reversals is the break of the 20 SMA (purple) line. Until then, it's just a wait and see situation. !!!
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