NZDUSD has reached its H&S measured move target from the top, at the 50% retracement, wave 4 base and a horizontal contention zone. Watch the behavior at the upper channel trendline for sings of a possible reversal to the long side.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.