Will NZD/USD stop falling?

Will NZD/USD stop falling?

Recommendation:

SELL 0.6520

SL 0.6575

TP1 0.6455 TP2 0.6385 TP3 0.6235

On the daily chart, NZD/USD was testing diagonal resistance in the form of the upper border of the downtrend channel. The failure of buyers points at their weakness. To continue the decline to 161.8% target of AB=CD, bears need to pull the prices below the support at 0.6520.

NZDUSD Daily.png 

On H1, after reaching 113% target of the “Shark”, NZD/USD pulled back to 38.2% of the wave CD. Then the downtrend continued as the “Shark” transformed into 5-0.

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How to trade EUR/GBP?

The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.

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