Lingrid | NZDUSD divergence at RESISTANCE zone

The daily chart shows that market testing the resistance zone, a key area where a significant bearish move occurred. NZDUSD has lost momentum in this zone, as evidenced by the formation of a divergence. On the 4H chart, candles are shrinking, indicating a potential slowdown in the market's ascent. Given this pattern, I expect the market to pull back from this zone as it becomes overextended. Specifically, if the price makes a fake breakout above the psychological level of 0.62000, it suggests that the market will make retracement from this zone. My target is a support level at 0.61500


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻