NZDUSD: Bearish Outlook Explained
The NZDUSD pair recently broke and closed below a key intraday support level.
After breaking the support, the market retested it and entered a consolidation phase.
A bearish breakout from this consolidation range confirms a strong bearish trend, increasing the likelihood of further declines.
The target for this downward movement is set at 0.5802.
After breaking the support, the market retested it and entered a consolidation phase.
A bearish breakout from this consolidation range confirms a strong bearish trend, increasing the likelihood of further declines.
The target for this downward movement is set at 0.5802.
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