#NZDUSD diamond

By now, this formation is complete.  A long position was established and a short one will be established tomorrow with reverse in case it breaks north.

On daily, a MACD bearish divergence can be observed pointing to 0.7754. Therefore, I believe this diamond will most likely break south into continuation only confirming earlier poss of USD bullish correction.

A diamond formation will most likely break south into continuation and double its main diagonal. A bearish MACD divergence observed on the daily charts will send prices lower.