TimakaFx

NZDUSD POTENTIAL BUY SET UP

Long
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
Hello, I am thinking NZDUSD bulls will be strong as per the chart. I have highlighted a previously broken downtrend with price rising upto up 0.62733 a price above major support at 0.62061 whose retest completes a potential head and shoulders formation. I am anticipating a rise to about 0.63621 if bulls can sustain the bearish pressure above current support.

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