The NZD/USD pair has formed a head and shoulder pattern in the the hourly chart.
It has broken the neckline and currently consolidating below the neckline.
Hence we expect the pair to be bearish from here.
It has broken the neckline and currently consolidating below the neckline.
Hence we expect the pair to be bearish from here.
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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.