NZD/USD got disappointed

NZD/USD got disappointed

2019-11-11 • Updated

Recommendation:

SELL 0.6640

SL 0.6695

TP1 0.6565 TP2 0.652 TP3 0.643

On the daily chart, NZD/USD keeps forming a “Head and shoulders” and AB=CD with a target at 161.8%. A pullback from the lower border of the previous consolidation range of 0.6710-0.6850 and the upper border of the downtrend channel was a basis for bears’ attack.

NZDUSD Daily.png  

On H1 of NZD/USD, the closeness of 88.6% target of the “Shark” make sit dangerous to sell at the current levels. There’s more sense to sell on the pullback from resistance at 0.6625-0.6640.

NZDUSD h1.png

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