NZDUSD Faces Further Downside Amid Renewed Tariff Concerns

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NZDUSD Faces Further Downside Amid Renewed Tariff Concerns

In July, NZDUSD created a false breakout after printing a new higher high.

Initially, the pair appeared set for further gains, but the U.S. dollar regained strength following stronger-than-expected Non-Farm Payrolls (NFP) data.

Today, market sentiment remains fragile as anticipation builds around President Trump's upcoming remarks on tariffs.

Our analysis suggests that the broader outlook remains unchanged—NZDUSD is still positioned for further downside.

You may find more details in the chart!
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Note
Previous analysis:
NZDUSD Inside a Large ABCDE Pattern

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