NZDUSD → The hunt for liquidity. Bearish trend...

923
NZDUSD is forming a correction towards consolidation after updating its global minimum. Bears may play aggressively against the backdrop of a strong dollar.

snapshot

The dollar is quite strong after Thursday's news. After retesting resistance, the index is not falling, but is gathering strength and may continue to grow.
The global trend is downward. After a long consolidation, the currency pair is breaking support and updating its low. The market sentiment is bearish. Against this backdrop, NZDUSD may continue to decline after retesting resistance at 0.560 and a false breakout...

Resistance levels: 0.5606, 0.5635
Support levels: 0.555, 0.55


A false breakout, lack of bullish momentum, and price consolidation below 0.56 could trigger a further decline in price within the current trend.

Best regards, R. Linda!

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