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NZD/USD: continuation of the downward trend

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Dolar New Zealand / Dolar A.S. (FX:NZDUSD)  
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FX:NZDUSD   Dolar New Zealand / Dolar A.S.
Support and Resistance Trend Lines Parallel Channel nzdusdshort shortsetup tradingstrategies forextips forexnews Contains image
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supportandresistance trendline parallelchannel nzdusdshort shortsetup tradingstrategies forextips forexnews containsimage
The NZD/USD is currently trading within a descending channel on the daily timeframe. It recently broke below the corrective trendline and retested it. I anticipate a continuation of the downward trend from here.

snapshot

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Penafian

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