NZD/USD Forecast April 26, 2017, Technical Analysis

The New Zealand dollar fell significantly during the day on Tuesday, crashing into the bottom of what I see as asymmetrical triangle. Ultimately, if we can break down below the bottom of the range for the day, I think we should have enough momentum to finally break down to the lower levels that would completely collapse the market. Alternately, if we turn around and bounce I believe we just simply continue to grind in this consolidation that we have been in for several weeks. I would be very patient before pulling the trigger in this pair.

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