NZDUSD is trading in the descending channel. Price pulled back from the support level.

There's a kill zone level where resistance level 61.8% fibo perfectly lines up with it.

The market is consolidating near the psychological level 0.61000, creating divergence.

We expect a bearish move to complete the AB=CD pattern.


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Chart PatternsnzdusdanalysisnzdusdsignalSupport and ResistanceTrend Analysis

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