NZDUSD a broken rising wedge retest
NZDUSD is pulling back for a retest of the previously broken 0.7240 resistance of the rising wedge. You can see the pair can extend the downside if being rejected here in the 4th wave to 0.6780. If we don’t see a substantial break above 0.7240 we are heading lower to upside support. This will certainly not change the upside reversal dynamic substantially.
Note – Look for the short trade entries with the stop loss above 0.7260
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