NZD/USD: Bearish Pattern Playing Out, But Key Support Nearby

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For those who are not familiar, a Bearish Gartley pattern is created by two approximately equal swings higher (the 'AB' and 'CD' legs) into a confluence of Fibonacci resistance levels. In this case, the AB=CD pattern converged with the 61.8% Fibonacci retracement of the previous drop (XA) and the 127.2%



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