NZDUSD reverses a strong uptrend with a false breakout and strong momentum decline. A local downtrend is being formed, upon the breakdown of the support of which the fall accelerates. The instrument closes the trading session at its daily low
Potential price movement of 80-90 pips. Inside the day, the price closes at its low, I think
what to expect to continue moving
I suppose a breakdown of 0.6634 with the price fixing below the level and then continuing to move down to 0.6567
Sincerely, R. Linda!