A Shooting Star has been formed in the currency pair and correction has been seen after the formation. Shooting Star is a reversal pattern made at the Top. Currently there is a selling opportunity in the pair. The pair has to close below 0.9300. If the pair is able to close below the mentioned level, selling pressure can be seen in the pair.

The pair is trading below the EMA which indicates negative direction. The RSI is also supporting the negative move.

Advice : Sell the pair if it closes below the mentioned level.

NZD/SGD

Apr 11 2022