DeGRAM

DeGRAM | NZDUSD support is weakening

Short
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD is trading in a descending channel between the trend lines.

The price continues to hold under the resistance level.

The price has already reached the support three times, but the bounces that followed them decreased each time.

We think that the pair will continue to decline from the resistance level.

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