Like the bullish trend line on the AUD/USD, the NZD/USD 4hr Chart has also broken. We will still keep track of general support and watch for a third test of the potential bearish trend line on the Daily Chart, but otherwise we need to watch for a brand new formation to emerge.
Since this trend line was the strongest of those that has recently broken, we will also watch for an opportunity to go short near the broken trend line if the pair rallies.
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