Brotec02

NZD_USD: ABCD Pattern chart

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
It looks like almost all currencies peg against the dollar has the same ABCD pattern.
Check the chart structure and measured the support resistance levels it seems inevitable that this bigger ABCD pattern will kill it.
After this pattern a downtrend will start and keeping the risk-on currencies cheaper in the next coming months and years.
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