NZD/USD: kiwi fell
Read the article on FBS website
Recommendation:
SELL 0.6605 SL 0.6660 TP1 0.6515 TP2 0.6495 TP3 0.6370
SELL 0.6640 SL 0.6695 TP1 0.6540 TP2 0.6595 TP3 0.6370
On the daily chart, NZD/USD retested the neckline of the “Head and shoulders” and then went below the lower border of the 0.6710-0.6850 consolidation range. As a result, bears got close to 161.8% and 261.8% targets of the senior and junior AB=CD patterns.
On H1, NZD/USD keeps forming a “Broadening wedge”. Pullbacks to resistance at 23.6%, 38.2%, 50% or to a moving average (MA21) may be used for selling.
