- Price action already showing direction
- Pair has hit 0.786 fib retracement of 1-2 Inpulse leg
- NZD has still maintained a bias
- 0.382 / 0.618 confluence of both impulse and corrective legs
- Possible ABC pattern forming
- Bears need to take a breath and enjoy some profits
- After huge USD strength, time for a retrace!
- Good R/R