NZD/USD in recent weeks, has been experienced many reformation with a gradual upward trend that Buyers over price increases obtained the highest price of 0.85213.Currently price in long term time frames(Such as Monthly,weekly and Daily ) is above 5-day moving average and warns about more ascending in long term interval of this currency pair.Price has been stopped from more ascend by reaching to the specified resistance levels in the picture below and with exit of some buyers from their trades at the end of 7th ,10th and 11th days, the Doji , Spining Top and Shooting Star candlestick patterns have been created. These candles shows vulnerability and indecision market in ascending or descending of price that for confirmation it needs closing of a bearish candle
As it is obvious in the picture below , right now in daily time frame ABC descending pattern with the ratio of 161.8 is observable that with the completion of the D point there is a warning about down of price and descend by this pattern.The Stoch indicator is in the saturation buy area and issued the warning of the formation of top price and the falling of the price.Generally until the top price of 0.85213 is preserved, there is a potential for descending and price reformation in this currency pair.