NZDUSD was in a Bull Trap after breaking the ๐ดresistance zone๐ด
It seems that NZDUSD will not succeed in breaking the ๐ดresistance zone($0.6250-$0.606)๐ด, and this failure plays the role of a fake break or bull trap.
If we look at NZDUSD from the theory of Elliott waves, NZDUSD is moving in a descending channel, which can complete the correction structure ABC, which is zigzag(5-3-5); I expect wave C of the correction structure to finish in ๐กPrice Reversal Zone(PRZ)๐ก.
๐ New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ), Daily Time frame โฐ.
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