NZDUSD Wedge Breakdown | Bears Target 0.5760 & 0.5720.

Jun 11

📊 NZDUSD (1H Timeframe)

🔍 Analysis:
• Rising wedge structure has broken to the downside ✅
• Price retested the broken support and faced rejection
• Trading below key moving averages confirms bearish momentum
• Sellers remain in control while price stays below resistance

🎯 Bearish Targets:

✅ TP1: 0.5760 (1st Support)
✅ TP2: 0.5720 (2nd Support)

📌 Resistance Zone:
0.5800 – 0.5815

🛑 Stop Loss:
Above 0.5830

🚀 Trade Idea:
SELL on pullbacks into the resistance zone.

📈 Outlook:
As long as NZDUSD remains below 0.5815, sellers could push price toward 0.5760 first and then 0.5720.

Jun 11

Trade active

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