NzdUsd - Rectangular Formation (Flat)
NzdUsd has formed a Rectangular Formation (a Flat) and last week price sold off from the top of this formation. Next week we will look for shorts on the open however price may pullback and re-test broken support (turning resistance) at the 0.72561 area providing the Bears with a reason to be cautious with shorts next week. Targets to the downside sit at 0.71223 and 0.70687 respectively.
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