The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
NZD/USD: the kiwi is going into the abyss
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.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…