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NZD/USD Structure Maintains Bearish Continuation Outlook

posted by Avatar FXTimes 357 days ago in USD, NZD, Technical made popular 357 days ago

The 4H USD/CHF chart shows a bearish breakout from June’s rising trendline, and a sharp one at that. However, the market has since consolidated. In our previous update, we noted a bearish swing projection toward 0.7750. Since then, the market has stalled the decline and consolidated after finding support in the 0.7845-07850 area...
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