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Heres our second scenario for the dollar over the next few months, our first scenario showed possible strength with the dollar whereas this is showing weakness, if this trend-line breaks there will be confluence to start selling the dollar, we have a long-term head and shoulders pattern that looks like it could start to form, and we would also have a trend-line ...
Heres scenario one of two, which could bring more dollar strength over the next few months, we have a strong trend line and recent resistance that didn't manage to hold, this could now be the area to start buying the dollar if it holds and makes a new support zone. Make sure you check out scenario two which shows a setup for dollar weakness
We've recently had two trend-line breakouts on NZD/USD, price action shows that this pair now looks to go lower especially on this 4H chart, we have lots of confluence around 0.72750. This look like an important area to watch and to enter a short position, two trend lines have recently broken and this is now where we will be looking for a retracement, for extra ...