Gold price formed a bearish harmonic ‘Butterfly’ pattern. Still, the detour to $1760 may be the decline it forecasts. In addition, even the pattern allows expecting the increase up to $1780.
NZD/USD: short-term triangle
2021-03-17 • Updated
The USD has been getting stronger against the NZD since March 11. Currently, the lower highs are aligned into what seems to be a possible upper side of the triangle formation which has 0.7160 as its support zone.
If that's the case, soon, the support of 0.7160 may be crossed downwards opening the way for bears down to 0.71.
Fed's announcement today may accelerate the process - let's check it out!
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