A possible start of a bearish trend on NZDUSD

NZDUSD has broken through a support line of a Channel Up and suggests a possible movement to 0.6083 within the next 10 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 3 days.

Past performance is not an indicator of future results.
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