• NZD/USD has probably reversed its downtrend on the short-term timeframe. 
• It was falling in a large Measured Move pattern, however, there is a chance this may not reach the target for C. 
• A bullish close on Thursday would result in a “Three White Soldiers” Japanese candlestick reversal pattern on the daily chart. 

NZD/USD has been broadly falling in a bearish three-wave pattern, known as a Measured Move but intraday charts are now signaling that the short-term trend has probably reversed.