NZD/USD – Fake Breakout at Resistance, Bearish Move Expected

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NZD/USD – Fake Breakout at Resistance, Bearish Move ExpectedNZD/USDOANDA:NZDUSDHamza_GoldPrice attempted to break above the resistance zone (0.5630 area) but quickly reversed, forming a fake breakout. This indicates a potential bull trap, suggesting that sellers are regaining control. A short-term bearish move is expected as price rejects the resistance zone. The next target is around the support zone near 0.5610, where price may look for a potential rebound or continuation depending on market momentum. Bias: Bearish Entry Zone: 0.5628–0.5632 (after confirmation) Target: 0.5610 Invalidation: Break and close above 0.5635