NZD/USD AT THE TWO-AND-A-HALF-YEAR LONG RESISTANCE

NZDUSD

The rate has climbed up to test the two-and-a-half-year falling trendline resistance (which is also a 3-month-long falling channel resistance)

At the moment I am flat/slightly bearish and will be looking for a reversal pattern at the resistance (double top or head and shoulders pattern) to target the the rising channel support around 0.7000.

Only a break above the 2016 high at 0.7480 would turn me bullish on the pair.