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Brotec02
May 25, 2018 1:17 PM

NZD_USD: ABCD Pattern chart Long

New Zealand Dollar/U.S. DollarFXCM

Description

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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