On the NZD/USD daily chart, the ‘bulls’ are going to retest the neckline of the “Head and shoulders” pattern.
If they fail to do so, it will be a signal for the opening of short positions.
In this scenario, the quotes may return to the lower boundary of the upward trading channel.
On the NZD/USD hourly chart, senior 5-0 and the expanding wedge patterns are still relevant, as well as the “Shark” minor inverted pattern. You may open short positions from current levels (23.6% Fibonacci retracement levels formed from the wave 4-5). The opening of shorts in case of realization of 88.6% target is also relevant.
Recommendations:
SELL 0,707 SL 0,7125 TP1 0,697 TP2 0,68,
SELL 0,7135 SL 0,719 TP1 0,697 TP2 0,68.
Origin: FX BAZOOKA
