NZDUSD triangle consolidation in upward channel

Short

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

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

triangle parallelchannel consolidation usd-us-dollar

NZDUSD is trending downwards on the daily, making a retracement in an upwards channel. At the top of the upwards channel a triangle consolidation pattern is forming, expecting a breakout to the downside to continue channel.

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