NZDUSD is still maintaining this downward channel, forming lower lows and lower highs.

Now we are seeing sideways consolidation trading in a range. This could simply be a bearish rectangle pattern and we can look for a longer-term trade at the break and close of this structure in which further downside is expected.

Until then, no trade to be taken for me.

Happy Trading!
Chart PatternsNZDNZDUSDTrend AnalysisUSD

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