NZDUSD: Important Structure to Watch Next Week 🇳🇿🇺🇸

7 May 2022

Hey traders,

NZDUSD is trading in a strong bearish trend.
The market is falling for 6 consecutive weeks.
Ahead is a very important zone of confluence:

we see a perfect match between a horizontal weekly demand cluster
and a falling trend line of an expanding wedge pattern.

I believe that soon we will see a pullback.

Pay close attention to the underlined area and wait for a confirmation to buy.

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8 May 2022

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