NZDUSD Price Analysis: Bears and bulls battle it out above daily trendline support – by fx_ross NZDUSD Technical Analysis
Beware eye the daily trendline support, but 0.5970s could come under pressure. , the pair is pressured on the front side of the bearish micro trend which leaves the focus on the downside for the day ahead:The price has been in a phase of distribution on the front side of a bullish dominant trend but there is the risk of a move lower:The triangle is a bearish technical pattern and a break of structure below 0.6100 opens the risk of a move to the 0.5970s.
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