NZDUSD Carving a Wedge, Threatening to Return to Dominant Trend
Noise versus signal. Was the NZDUSD's rally from late September the noise or the signal. Looking at a bigger picture chart, the dominant trend looks bearish. If we break the floor of this descending channel, it will be a strong vote for the bears retaking control.
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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.