Participant

Today we had another bullish momentum from the US Dollar, the NZD/USD rate is decreasing with next target at 0,7456. As you can see from the weeky chart, the price is now below the median line of the descending pitchfork, this is a bearish signal.

We have a reversal here, the price has broke down the ascending channel, the rate is expected to decline further. As long as the US dollar remain strong, this pair will be bearish with long term target at the lower median line of the pitchfork.

NZD/USD

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