NZDUSD - POSSIBLE PRICE ACTIONS

ANALYSIS 🔎
- NZDUSD is printing a descending triangle pattern.
- Price is testing the descending triangle's inclined resistance.
- The minor uptrend is supported by the ascending trendline support.
- We could see a breakout above the descending triangle's inclined resistance or a rejection of the inclined resistance.

POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the descending triangle's inclined resistance.
- Downtrend ⬇️: breakdown below the ascending trendline support.

TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance levels (R1, R2).
- Downtrend ⬇️: descending triangle's horizontal support.