NZDUSD is breaking below the resistance
NZDUSD broke below a strong long-term resistance of 0.6250. This is pushing the pair lower in the third downside wave to 0.5800. Only a break above 0.6250 could lead to an upside reversal relief which is a low probability. Overall we have returned to a long-term downtrend from 0.8500.
Note: look for the short trade entries with the stop loss above 0.6200
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