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NZDUSD: Trend-Following Bearish Setup 🇳🇿🇺🇸

Short
Dollar Néo-Zélandais / Dollar Américain (OANDA:NZDUSD)  
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OANDA:NZDUSD   Dollar Néo-Zélandais / Dollar Américain
Parallel Channel Support and Resistance Candlestick Analysis NZDUSD DJ FXCM Index USD dollar Forex forecast trading Technical Analysis Contains image
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parallelchannel supportandresistance candlestick nzdusd usdollar usd dollar forex forecast trading technicalanalysis containsimage
snapshot

NZDUSD is trading in a long-term bearish trend.
After a strong selloff, the pair was consolidating since the middle of August
within a horizontal range.

The support of the range was successfully broken last week.
The violation will most likely trigger a trend-following movement.

Next support - 0.577

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