Nzd/usd pair is in the middle of completing a very bullish cup and handle pattern on the daily charts . The pattern holds high significance in technical analysis for its high probability setup . The pair should continue to consolidate in the handle area further and a break out of the handle consolidation which is around 0.7200 level should be considered very bullish . Nzd/usd could rally 150 - 200 pips if it breaks out of this pattern .
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