NZDUSD in a Clear Bearish Trend

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NZDUSD in a Clear Bearish Trend

NZD/USD is moving inside a "Descending Channel" in a well-defined bearish trend.

The market's focus has been on the US election results, with the anticipated Trump victory supporting USD strength throughout the month.

Now that the election period is winding down, market activity is slowing.

However, as long as the price continues to respect this pattern, there is a chance for further downside in the short term, as shown on the 60-minute chart.

You may find more details in the chart!
Thank you and Good Luck!

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