NZD/USD: bears are preparing an attack

NZD/USD: bears are preparing an attack


SELL 0.7280 SL 0.7335 TP 0.718

SELL 0.7185 SL 0.7240 TP 0.7080

On the daily chart of NZD/USD, the inability of bulls to return the pair inside the uptrend channel points at their weakness. Kiwi approached the lower border of the 0.7185-0.7430 consolidation range. In case of the successful test of the support, the risks of decline to 0.7080 will increase. 


On H1, the fact that NZD/USD reached the interim target at 78.6% of the “Shark” pattern increases the odds of its transformation into 5-0. Pullbacks to 38.2% and 50% of the wave CD should be used for selling.



How to trade EUR/GBP?

The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.

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