After the strong rise of the NEW ZEALAND DOLLAR / U.S. DOLLAR pair, due to the big push that the dollar experienced against most of the major currencies.
The correction started after the reversal candle on the weekly frame, which actually supports the presence of a down correction.
In the short term, the pair was able to break an ascending channel on the hourly frame, as well as forming a head and shoulders reversal pattern, and was able to break the neckline.
A retest of the neckline and a broken ascending channel is a good opportunity to sell from 0.7028.
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