Technical Analysis: NZD/USD (New Zealand Dollar vs US Dollar)NZD/USDOANDA:NZDUSDElroubyΩ --- π Technical Analysis: NZD/USD (New Zealand Dollar vs US Dollar) π Timeframe: Daily (1D) π Pattern in Play: Shark Pattern π¦ πΉ Pattern Structure: β’ OX: The initial impulsive wave, setting the primary move. β’ XA: Not a major retracement, but rather an extension of the prior move. β’ AB: Must extend between 113% β 161.8% of XA. β’ BC: Retraces between 161.8% β 224% of AB. β’ CD (Point D): Typically aligns with 88.6% β 113% extension of OX. βοΈ Current Setup & Chart Details β’ π° Current Price: 0.5617 β’ π Potential Reversal Zone (PRZ): 0.5410 β 0.5550 β’ βοΈ Stop Loss (SL): 0.5300 π― Projected Targets: β’ π₯ Target 1: 0.5800 (0.5 Fibonacci level) β’ π₯ Target 2: 0.5980 (0.786 Fibonacci level) π¬ Overall Outlook: If price holds above the 0.5410 β 0.5550 zone and bullish reversal signals emerge, we could witness a strong upward rally toward the outlined targets. π ---