NZDUSD: Trend-Following Bearish Setup 🇳🇿🇺🇸

Short

New Zealand Dollar / U.S. Dollar (OANDA:NZDUSD)

OANDA:NZDUSD New Zealand Dollar / U.S. Dollar

Parallel Channel Support and Resistance Candlestick Analysis NZDUSD DJ FXCM Index USD dollar Forex forecast trading Technical Analysis Contains image

parallelchannel supportandresistance candlestick nzdusd usdollar usd dollar forex forecast trading technicalanalysis containsimage

snapshot

NZDUSD is trading in a long-term bearish trend.
After a strong selloff, the pair was consolidating since the middle of August
within a horizontal range.

The support of the range was successfully broken last week.
The violation will most likely trigger a trend-following movement.

Next support - 0.577

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