NZD/USD : DOWNTREND | NEW SWING LOW IS COMING ? SHORT VIEW ๐
As we can see this pair has been located since last February within a Descending Channel, followed by Progressive Downward Swing High and Swing Low. NZD/USD has a high correlation with EUR/USD, the latter in our opinion is on the downside. Let's assume another bearish impulse for NZD/USD with the formation of a new Swing Low.
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