Hello traders, welcome to another market breakdown. NZDUSD has been trading in a downtrend, as a trend following strategy, I have my eyes on this pair for many reasons : 1- The price started rejecting the old support making it a resistance zone. 2- The price is approaching a local trend line. 3- strong Fib level.
Combining all these confluences, the price might take another fall towards the last key level or maybe more.