NZDUSD bullish bat pattern
On the daily chart, NZDUSD stabilized and rebounded from the low level. In the short term, we can pay attention to the potential bullish bat pattern. At present, the upward target of NZDUSD is 0.5970, which is the ratio of 0.382 of the CD band. After breaking through, the upper target is 0.6040, which is the ratio of 0.618 of the CD band. If the price falls below the previous low of 0.5852, it will continue the downward trend.
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