NZDUSD is testing the bearish flag resistance lineÂ
NZDUSD is testing the bearish flag resistance line 0.7200 for a breakout lower. A confirmed break below this level could lead to a downside reversal and a test of 0.6900 lower. If we get a downside swing to 0.6900 it will put on a test medium-term uptrend and a possible 4th wave upside.
Note – look for the short trade with the tight stop loss just above 0.7310
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