NZDUSD is retesting the broken channel

NZDUSD is retesting the broken resistance

 

NZDUSD is testing the downside support of 0.6500 a previously broken resistance  This downside support is essential for the extension lower. A break below 0.6400 is required for the downside extension acceleration. This upside retrace should be used for the short trade entries.

Note: look for the short trade entries with the stop loss above 0.6600

 

NZDUSD downside extension

 

 

 

 

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