Quick update for NZDUSD:
the pair has recently violated a key daily horizontal support.
After a breakout, the market nicely retested the broken structure
and started to fall from that.
With the yesterday's bearish movement, the price managed to set
a new Lower Low. It is an important sign of strength of the sellers.
I believe that the pair has a good potential to drop even lower.
Next support - 0.599
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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.