NZD/USD: the kiwi is going into the abyss

NZD/USD: the kiwi is going into the abyss

Recommendations:

SELL 0.6825

SL 0.688

TP1 0.6725 TP2 0.664

On the daily chart of NZD/USD, the pair is moving within the downward channel and the AB=CD pattern with the 200% target is implementing. Bears control the pair. The closest important resistance levels are near 0.6825 and 0.6895.

nzdusd_d.png

On H1, the “Three Indians” pattern was implemented while the correction. Now the new Three Indians” pattern is forming. A rebound from the resistance at 0.681-0.6825 should be used to sell.

nzdusd_60.png

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