NZD/USD can recover
Read the article on FBS website
Recommendation:
BUY 0.6690
SL 0.6635
TP1 0.6790 TP2 0.6805 TP3 0.683
On the daily chart, NZD/USD didn’t manage to return the pair to the 0.6710-0.6850 range from the first attempt and trigger “Shakeout-Fakeout” pattern. Never the less, a pullback form the upper border of the downtrend channel will allow them to counterattack and mane another attempt.
On H1, if NZD/USD recovers from support at 0.66 and returns to resistances at 0.6690 and 0.6725, the odds of a “Broadening wedge” will increase.
