NZD/USD “Head & Shoulders”

 

We don’t need to fit every pattern to a textbook defined one

However, this type of formation breaks down nicely sometimes

 

Tonight, we have AUD Retail Sales on the Calendar. So, this pair may move. Let’s see.

 

Keep in mind on a longer time frame (this one is hourly) price can be consolidating a strong move up from a support area

 

nzd0508

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