The NZDUSD pair recently broke and closed below a key intraday support level.
After breaking the support, the market retested it and entered a consolidation phase.
A bearish breakout from this consolidation range confirms a strong bearish trend, increasing the likelihood of further declines.
The target for this downward movement is set at 0.5802.
After breaking the support, the market retested it and entered a consolidation phase.
A bearish breakout from this consolidation range confirms a strong bearish trend, increasing the likelihood of further declines.
The target for this downward movement is set at 0.5802.
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Join our Telegram channel for daily market update 👇👇
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For paid signal👇👇 t.me/linofx1999
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.