NZD/USD 4H Chart: Descending Triangle

NZD/USD is expected to be highly volatile tomorrow, meaning that descending triangle formed on August 30 is moving to its apex. The trading range is just 20 pips, and the closest technical levels from both sides are already pattern's resistance and support, hence in case of any breakout, the pair will be followed by higher or lower prices. However, technical indicators on 4H chart are sending "sell" signals, suggesting the strong support level of 0.8233 will be finally breached. Furthermore, 71% of opened positions are short, reinforcing a view the majority of market participants are bearish on the pair.