NZDUSD Ascending Triangle Fail
The price action of the nzdusd has been forming an ascending triangle, which is known to be an indication of a possible uptrend on a bullish breakout of the ascending triangle. However, the shape of the ascending triangle has failed with price action breaking below the previous higher low.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.