NZD/USD technicals: Break of key trendline confirmed

FXStreet (Bali) - NZD/USD has confirmed the breakout of an ascending trendline derived from Feb 4, after an early penetration was followed by a backward retest with subsequent sell-off (best observed by drilling down to a 5m chart). Price has now found support at 0.8585, March 27 low, with a break below paving the way for further losses to 0.8520/30 area.

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