On the NZD/USD daily chart, there is a test of the neckline of the “Head and shoulders” pattern.
A short position was opened from the 0.7135 level.
Given the current “bearish” potential of the pair, traders should consider holding the previously formed shorts.
On the NZD/USD hourly chart, the signal given by senior 5-0, expanding wedge and “Shark” patterns . A breakout of the support at 0.704 will cause a continuation of the downward movement towards 0.697 and lower.
Recommendations: hold short positions formed from the 0,7135 level, SELL 0,704 SL 0,7095 TP1 0,697 TP2 0,68.
Origin: FX BAZOOKA
