This NZDUSD pair has broken below a key ascending trend-line, signalling a bearish structural shift after a moment of consolidation/distribution, we saw price made a clean move downside leaving a bearish order block where we can expect price to retest and we would be looking for a potential sell setup. Until then price was choppy. Now, there is a potential short or long term bearish price action in play.
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.