NZDUSD Daily Outlook
NZDUSD is still maintaining this downward channel, forming lower lows and lower highs.
Now we are seeing sideways consolidation trading in a range. This could simply be a bearish rectangle pattern and we can look for a longer-term trade at the break and close of this structure in which further downside is expected.
Until then, no trade to be taken for me.
Happy Trading!
Now we are seeing sideways consolidation trading in a range. This could simply be a bearish rectangle pattern and we can look for a longer-term trade at the break and close of this structure in which further downside is expected.
Until then, no trade to be taken for me.
Happy Trading!
Related publications
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.