ProficientForex

NADUSD - The Ending Diagonal pattern represents the end of the f

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
In the 60-minute chart, the divergence in MACD and RSI is quite clear, and also the 3-wave structure of the sides shows the Diagonal pattern.
By crossing the price from the range of 0.6878, which is the end of the 4th wave of this pattern, we can get the confirmation for the downtrend and the targets of 0.6795 and then 0.6700 price level.

Comment:
240 Minute Chart

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