NZD/USD May Start Falling

NZD/USD has been consolidating sideways below the resistance at 0.7060 for about a week now and the pair has formed several candlesticks on the daily time-frame that are likely signals that it may start moving to the downside again. Namely, there are two spinning top candlesticks as well as a pair of clear shooting star candlesticks. If the pair does bounce off from 0.7060 there will probably be a move to the downside towards 0.6950 and a breakout below that level could lead to a further move to the downside towards 0.6880. If the pair eventually breaks out above 0.7060 it will likely continue rising towards the (MA)89 indicator on the daily time-frame, which is at 0.7100.