IlyaSpivak

NZDUSD triangle break hints at deeper decline ahead

Short
FX_IDC:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD seems to have broken through the bottom of a bearish Descending Triangle continuation pattern, hinting that deeper losses area ahead. The implied measured-move objective hints that a push toward the 0.58 figure may be in the cards.

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