Hi guys!
There is a possible Head and shoulders formation in this pair.
Either sell from here which is a moderate resistance level or the best wait for the touch of the dynamic resistance.
The move of September 24, which also formed a wedge doesn't look impulse, hence in my humble opinion NZD will go down once again to complete the complete ABC correction.
Though for now, I wouldn't hold the short down to 0.64450 but rather take different TP's according to the support levels set on the chart.
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There is a possible Head and shoulders formation in this pair.
Either sell from here which is a moderate resistance level or the best wait for the touch of the dynamic resistance.
The move of September 24, which also formed a wedge doesn't look impulse, hence in my humble opinion NZD will go down once again to complete the complete ABC correction.
Though for now, I wouldn't hold the short down to 0.64450 but rather take different TP's according to the support levels set on the chart.
Smash the Like button if you like the idea.
Follow me so you don't miss other ideas!
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