NZDUSD H4 Possible Inverse Head&Shoulder, potential more upside
Price broke out of inverse head & shoulder. If the price retrace to 0.702000, in-line with 38.2% Fibonacci Retracement , 100% Fibonacci Extension and 20EMA, we could potentially see it bounce further upside to 0.70961, in-line with -61.8% Fibonacci Retracement and 127.2% Fibonacci Extension . If the price drops below, it could potentially swing towards support at 0.69944, in-line with 50% Fibonacci Retracement and 127.2% Fibonacci Extension .
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