It's likely that the pair is going to test the next support at 1.2994 - 1.2977. A pullback from this area could be a departure point for...
NZD/USD broke key support level 0.7050
- NZD/USD broke key support level 0.7050
- Next sell target - 0.6950
NZD/USD continues to fall after the earlier breakout of the key support level 0.7050 (which stopped the previous minor impulse wave (i) at eth start of October, as can be seen below). The breakout of the support level 0.7050 should accelerate the minor sub wave (iii) of the impulse wave (c) from the middle of September. NZD/USD is expected to fall to the next sell target at the next support level 0.6950 (former resistance level from May). Strong resistance now stands at 0.7050.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…