- Price action already showing bullish direction - Pair has hit 0.786 fib retracement of 1-2 Inpulse leg - NZD has still maintained a bullish bias
Predict - 0.382 / 0.618 confluence of both impulse and corrective legs - Possible ABC pattern forming - Bears need to take a breath and enjoy some profits - After huge USD strength, time for a retrace!