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NZDUSD expected to decrease in the near future?

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Dear friends,

Today, NZDUSD is currently trading around the price level of 0.595 after facing significant selling pressure near the psychological resistance level of 0.6000. It has formed a double top pattern on the 4-hour chart.

From my perspective, there is likely to be a slight downward correction in the near future, with a break below the trendline and a decline towards the support level of 0.588.

What are your thoughts on the next move for this currency pair?
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good luck everyone <3
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NZDUSD has appeared its first bearish candle
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On the New Zealand front, the growth rate in the April-June quarter remained upbeat despite higher interest rates by the Reserve Bank of New Zealand (RBNZ).
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NZDUSD continues to decline, with no recovery yet, and the possibility of further price reduction

Feragatname

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