On the NZDUSD chart, there is a bearish AB=CD harmonic pattern forming, indicating a potential trend reversal. Additionally, there is a minor divergence on the RSI , suggesting a weakening of the current bullish momentum. Traders may consider these factors in their analysis and decision-making process.
Trade closed: stop reached
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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.