NEARUSD retested the 2023 lows, but notice that a decline is overlapped, which indicates a wedge pattern within wave C of a higher degree ABC correction from the highs. It’s actually already trying to wake up from the projected 0.80 support area, but to confirm support in place, we have to see an impulsive recovery back above the upper wedge line near the 1.90 level. First bullish evidence is above 3.35 level. Invalidation level is at 0.51.
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