NZDUSD downside continuation after the rising wedge breakÂ
NZDUSD is breaking below the strong resistance of 0.7100. A break above 0.7120 is now needed to invalidate downside reversal. This break could lead to a test of 0.6750 if we get a sustained swing down after this retest bounce. This will not change the uptrend substantially. A complete reversal will happen on a break below 0.7650.
Note – Look for the short trade entries with the stop loss above 0.7100
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