NZDUSD 15M: Bearish outlook seen, further downside below 0.6000
On the 15M timeframe, there is bearish order flow, with lower highs and lower lows being formed. A pullback to the resistance zone at 0.6040, which coincides with the 78.6% Fibonacci retracement, could provide the bearish acceleration towards the resistance-turned-support zone at 0.6000. Price is holding below ichimoku clouds and 20 EMA, supporting our bearish bias.
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