NZDUSD new downswing upcoming ??NZD/USDOANDA:NZDUSDCrazyTrades247Overall structure: Broadly the structure is bearish as price is forming lower highs and lower low, and had got multiple rejections form the major bearish trendline, on the other hand we can see a bullish trendline intact, supporting up-moves and continuously making higher lows. Current situation: After a big decline when price was showing a corrective rally it has started to face rejections from the level of 0.5872 which is currently acting as strong resistance & it seems like the pullback is over now and it's likely to reverse back in the lower direction, and continue its down-move, if current consolidation gives a breakout in the bearish direction then, we'll have a good opportunity to take fresh short entry and can target the level of 0.5655. Immediate resistance is at 0.5872 & the breakout level of the consolidations is at 0.5801 Outlook remain on the bearish to sideways direction, only sell trades should be preferred at resistance levels. For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures. Regards CrazyTrades247.