16 Nov 2015

NZD/USD BREAKOUT ATTEMPT

NZD/USD H4

The rate is currently trying to break through the descending triangle formation on H4 charts. The triangle consolidation formed after a break of the larger head and shoulders pattern.

My bias is still lower and the immediate attention should be turned to 61.8% and 100% breakout targets at 0.6410 and 0.6355 accordingly.






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