Resistance: 0.8388 minor / 0.8412 minor
Support: 0.8363 moderate / 0.8338 strong / 0.8314 moderate
We have a High Wave Doji (Bear) in Hourly NZDUSD charts. Market is in an uptrend while our moderate bearish reversal pattern is just above a moderate support 0.8363. We need a close below the said price before selling the immediate target at 0.8338 break of which suggests a reversal is ongoing. Stops above the patterns high.
For pattern explanation and visual identification rules, click here.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To aLook At Prices