NZDUSD dailychart update

[Lifesong]

Hi Neal
Trust you're well and just a quick observation on your NZDUSD update of
earlier. Did you notice on the hourly chart there was a clear head &
shoulders pattern and when it rolled over on Monday it was apparent that
it's heading towards the neckilne retracement.

Are you cautious of Wednesday's FOMC release although I know you don't news trade? My concern is more whether it could pose some risk to my longerterm trades AUDJPY; NZDJPY; GBPCHF; EURCAD; EURCHF, would
you mind sharing your thoughts? What do you think will likely happen if
the Fed comes up with hawkish views on fighting inflation?

Happy trading and look forward to hear from you.

[FibMaster]

Hi Lifesong,

Yes I am concerned about FOMC, so I like to step aside and wait for the news to be digested. I prefer not to participate in the guesswork before the news, and the unpredictable volatility at news-time..

I made some video updates on NZD and sent them to subscribers, hope you enjoyed them. Thanks for that Head And Shoulders, yes you are spot on about that! Combining FibLevels and patters can be excellent for trading.