Description
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NZDUSD is retesting a major broken trend line on a daily.
The touchpoint matches perfectly with 382 retracement of the last bearish impulse and recent minor horizontal resistance.
On 4H the market remains bullish though.
The price is steadily growing within a bearish flag pattern.
To catch a bearish move, wait for a breakout of flag's support,
it will be a perfect confirmation.
Goals:
0.717
0.7138
In case of a bullish violation of the yellow zone, setup will be invalid.