NZDUSD: Trend-Following Setup 🇳🇿🇺🇸

٢٤ أغسطس ٢٠٢٣

https://www.tradingview.com/x/eT5yxIkX/

NZDUSD is bearish.
The price has just retraced to a major falling trend line.

A bearish movement will most likely initiate from that.
Our confirmation is a descending triangle formation on 1H time frame
and its neckline breakout.

I expect a bearish movement to 0.593 support.