HELLO ALL,
NZDUSD WENT HIGHER IN THE AM HOURS (CENTRAL TIME), AND THEN RETRACED TO THE .50 FIB ON 4HR CHART AND HAS BROKEN OUT FROM A SOMEWHAT SIDEWAYS TREND ON DAILY. IT HAS ALSO FORMED WHAT LOOKS TO BE AN INVERTED HEAD AND SHOULDERS WHERE THE .50 WAS ALSO THE AREA OF NECKLINE. LOOK FOR LONGS ON THIS PAIR BASED ON PRICE ACTIONS AND FUNDAMENTALS IN THE ASIAN MARKET. GOOD LUCK TO ALL!!!
IF YOU LIKE PLEASE GIVE A THUMBS UP AND ALSO COMMENT YOUR OPINIONS AND IDEAS, THANK YOU!