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Title
NZDUSD Potential for bearish drop to previous swing low
Type
Bearish Reversal
Preference:
Looking at the H4 chart, my overall bias for NZDUSD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market.
Expecting price to drop from the pivot which is the overlap resistance level towards the support which is the previous swing low.
Source: Tickmill