NZD/USD has met strong resistance around the 0.8600 area, a break above will confirm trend continuation.
A break below the 0.8592 area will be a signal it wants to continue to the downside aiming 0.8449 and then 0.8373 - However this area (0.8592) is solid so it will require some real bear power.
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is that a butterfly pattern you put in pink? I think the XA is too low being a 1.13 if I compare it to the ratios here? fxgroundworks.com/butterfly-pattern/
would you agree that the xa is to low?