NZDUSD is creating a nice looking Head and Shoulders here. Target down would be .6600 and possibly lower. The move from the .7485 high looks like 3 waves to me so I am looking at this as an ABC correction that would be followed by a C wave up.
Note
We are testing the neckline here and would not be surprised to see a bounce before a sharp move down. 
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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.