NZDUSD Analysis

Updated
We see NZDUSD forming Head and Shoulders on the daily timeframe. It is important to note that the Feds Interest Rate cut on Wednesday October 30, 2019 will affect the bullish after the right shoulder forms. There is a possibility of a strong pullback on Wednesday however capitalizing on the buy from 0.62700 should see traders in the clear with some profits. Always remember to use Trailing Stops to secure your profits.
Note
Looking for NZDUSD to break out at the neckline on Wednesday October 30, 2019 at 1pm. Please see the link below which helps to support this analysis
forextraininggroup.com/learn-trade-profit-chart-pattern-failures/
Chart Patterns

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