After a sharp drop, price reached to the yellow support level around 0.67 and was pushed to the upside.
Currently, price has been rejected from the red resistance level around 0.6765 and is moving sideways between the support and resistance levels.
Since, price is in a downtrend, if it breaks the yellow support level at 0.67, I expect a drop around 0.6660
On the other side, we can see a reversal double bottom formation on price, and if it breaks the red resistance level at 0.6765 and closes a bullish 4H candle above this level, I expect a rise on NZDUSD around 0.68260
Currently, price has been rejected from the red resistance level around 0.6765 and is moving sideways between the support and resistance levels.
Since, price is in a downtrend, if it breaks the yellow support level at 0.67, I expect a drop around 0.6660
On the other side, we can see a reversal double bottom formation on price, and if it breaks the red resistance level at 0.6765 and closes a bullish 4H candle above this level, I expect a rise on NZDUSD around 0.68260
