KarYong

NZDUSD - Potential Reversal Trade

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Price is currently approaching the a key area between 0.7145 to 0.7220 where we have the following confluences -

1) A potential completion of an expanding flat structure
2) A potential completion of a shark pattern
3) A RSI divergence formed

All these gave us the opportunity to look for a potential reversal to the downside on the Kiwi.

What are your views on NZDUSD?

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