US Dollar is finally showing us its strength and all major pairs are now weakening.
To catch a bearish continuation on NZDUSD, pay attention to a descending triangle formation.
0.6395 is its horizontal support.
let bears break and close below this level and then sell on retest with sell limit or aggressively.
with confirmed structure breakout, the market will drop lower.
next goal will be 0.6345
remember that the price may start coiling within a triangle.
manage your chart with alerts to not miss a breakout.
Note
dodji formed on support!no breakout for now
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✅Join My Telegram Channel: t.me/VasilyTrading
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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.