NZDUSD is breaking below the significant resistance
After breaking below the significant resistance of 0.6550, the pair extends downside. We need to see a break above 0.6550, to invalidate the downside extension, which is now targeting 0.6000. There are no visible resistances on the downside before 0.6000 except for the 61.8% Fibonacci retracement of the March20202-June 2021 swing high.
Note: look for the short trade entries with the stop loss above 0.6480.
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