UnknownUnicorn5158708

NZDUSD: Key Resistance at 0.6436 - Barrier Triangle Possible

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Price may yield a rather interesting structure - a barrier triangle. For this to materialize, two things need to happen: (1) Price must respect key resistance at 0.6436 and, (2), the formation of wave E in the triangle must not overlap wave C, as this will be the invalidation point if the triangle plays out. We don't yet have a buy setup. Stay out and wait for confirmation.