NZDUSD: Rising Wedge Hints at Weakness
Strategy: Pending Short
NZDUSD appears to be carving out a bearish Rising Wedge chart pattern below the 0.85 figure. Negative RSI divergence reinforces the case for a downside scenario. However, confirmation remains elusive and we will remain on the sidelines for now. A pullback from current levels sees initial support at 0.8374 and 0.8241.
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