Price is showing an uptrend leg time expiration, with a very bearish down bar taking the highest low of said leg, right as time expires.
RgMov clearly shows an ABC move down, currently in wave 2 of C top.
This is a great hedge play for the NZDUSD long idea I posted earlier.
Time and price target matches that channel's median line, the others are projections equalizing the length of segment AB and CD.
Looks like a large corrective decline, but the C wave should be impulsive and swift.