NZD/USD continue with the Downtrend 👇

On NZD/USD, it's nice to see a strong sell-off from the price of 0.61650. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.

I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.

A strong S/R (Support/Resistance) zone from the past, combined with the downtrend, volume cluster, weekly POC (Point of Control), and strong volume area, are my main reasons for this short trade.

Happy trading,

Dale"