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NZD/USD Analysis – Inverted Head and Shoulders
The NZD/USD shows the formation of an inverted head and shoulders pattern, indicating bullish price action. The pattern’s formation within the long-term support region suggests that NZD/USD may continue to trade higher.
The pair is heading toward $0.5770, and a break above this level could push it to higher levels. The RSI rebounds from the mid-level, signaling buying potential in NZD/USD.
