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NZD/USD Continues Lower?

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
42 0 1
NZD appears to be continuing the long term down trend with the rate trading below the 100 day SMA (orange).

The long gray arrows indicate the long term trend direction.

The blue arrow indicates the false break of the trend line and triangle.

The orange arrow indicates the return to and test of the break out point of the triangle.

The dashed trend line is carried over from the weekly chart.

Good Luck!
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