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NZD/USD: continuation of the downward trend

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
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FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Support and Resistance Trend Lines Parallel Channel nzdusdshort shortsetup tradingstrategies forextips forexnews Contains image
5
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supportandresistance trendline parallelchannel nzdusdshort shortsetup tradingstrategies forextips forexnews containsimage
The NZD/USD is currently trading within a descending channel on the daily timeframe. It recently broke below the corrective trendline and retested it. I anticipate a continuation of the downward trend from here.

snapshot

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