NZDUSD, H1 Testing descending trendline. Potential for drop!
Price approaching descending trendline resistance and recent swing high. We see a medium probability bearish scenario below our Pivot where sellers could potentially add to their shorts with a possible downside target at recent swing low and 1st support at 0.70080. Otherwise, breaking above our Pivot will see price swing towards our 1st resistance at 0.70848. Stochastic is testing resistance where price reacted in the past as well.
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