NZD/USD: the kiwi is going into the abyss
Read the article on FBS website
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.
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.
