Clear downtrend in parallel channel. Tested support twice, may possibly break support after hitting resistance and returning downward.
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Finally broke through support after continuously playing with it. Could possibly indicate a harder DXY downfall, adding to the DXY bearish thoughts.
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Also could result in a double bottom reversal soon! Long!
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Falling wedge could be forming if it continues to rise
ForexNZDUSDTrend Analysis

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