NZDUSD keeps bearish move intact

Orlando Gutierrez

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The NU is in a bearish immediate market (with the USD rallying) and we want to take advantage of this.

After the last bullish pullback we moved down to the fisrt supply zone and bounced back 61.8% of the move completing the a-b move of an a-b-c pattern

We will go short at the break of today´s lows (if it plays out) with our stops above the highs targeting first that supply zone and letting a runner to ultimate targets and completion of the a-b-c pattern.

Validation level: : 0.7173
Invalidation level: 0.7179

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