Breaking news : NZDUSD , the time has come...
We are now in a range
More precisely on the upper bound of this range
As expected, sellers are taking over.
Prices are visibly going down, which seems to be the expected signal.
The market is perhaps mature for selling, which is rather logical since in a range, once on the upper boundary prices move back to the lower one.
The logical target for this pattern is the lower bound
So, in theory if the rebound resists, the price will move towards the previous lower bound.
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