NZD/USD: the kiwi is going into the abyss

NZD/USD: the kiwi is going into the abyss


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.


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.



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