Congestion after Breakout: The NZD/USD broke above October’s declining consolidation trendline last week on 10/24 when it swung from near 0.81 to about 0.8240. It has since fallen into a congestion pattern, or a triangle as seen in the 4H chart. Momentum: The RSI reflects the same dynamic in…
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NZD/USD About to Break from Recent Congestion