2021-03-27

NZD vs USD

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
THE NEW ZEALAND DOLLAR HAS ANCHORED ON THE  INVERTED HEAD AND SHOULDERS PATTERN  TO CHANGE ITS DIRECTION FROM BEARISH TO BULLISH, BUT LATELY IT SEEMS THAT THE FIRST WAVE IN THE UPTREND HAS ENDED,AND THE SELLING HEAD AND SHOULDERS APPEARED, THE PATTERN WAS A VALID ONE WHEN PARICES  CLOSED BELOW 0.71 TO DOWNSIDE TARGET AT 0.67
NOTE, THE INVERTED HEAD AND SHOULDERS AND THE HEAD AND SHOULDERS ARE THE SAME AS THE PRICE MIRRORS (I DONT MEAN SIZE HERE ! BUT THE CONCEPT)