Take a look what I spotted on NZDUSD pair: the market is stuck between a recently broken major falling trend line and a horizontal zone of demand.
I believe that the future direction of the market will be determined by a breakout of one of these structures. Bullish breakout of a trend line will trigger a strong bullish move, while a bearish violation of the underlined yellow zone will push the market lower.
Let's patiently wait.
What do you expect?
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