NZD/USD Huge Inverted SHS Pattern Suggests Bullish Reversal

Dear Traders,

The NZD/USD has formed a bullish SHS pattern so we might see another bullish reaction from the POC zone.

The NZD is gaining momentum vs USD just a day prior to FOMC statement and FED cash rate decision. Equities remain solid, so a sense of a mild risk-on sentiment is in play, which may see some capital move into other currencies outside the USD. 0.6650-60 is the zone where fresh buyers are and as long as 0.6628 holds, bulls should be safe. Targets are 0.6648 and 0.6697 with 0.6719 as the final target. Only a drop below 0.6628 could cause a temporary relief where the price might reach 0.6589.

The analysis has been done with the CAMMACD.MTF template.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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