DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
SPDR S&P 500, CHESAPEAKE ENERGY CORP, BANK OF AMERICA CORP, GENERAL ELECTRIC COMPANY, POWERSHARES QQQ TRUST, SERIES 1, MICRON TECHNOLOGY INC
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
I think it is perhaps noteworthy to look at the underlying strength/weakness of NZDUSD on the 4h timeframe. Although price is still within a rising channel, the RSI has already broken down below the lower band of it's channel.
This candle sits in the lower half of the channel on the biggest volume bar of the past year. Strengthens my thinking of a channel break to the downside as per previous post on nzdusd.
If price breaks down below the lower band of the channel,
it could target the level from where the channel originated.
Think it's quite possible for price to target just below the 61% fib
Failed Inverse-H&S followed by another smaller IHS My guess is price will target the 38 and 61% fib levels.