Dear friends, in my previous NZD/USD idea I told you to sell at the channel top at 0.6771( idea attached below) As you can see, that idea generated 240+ pips profit.
Currently, the downtrend has temporarily stopped at the 100-day EMA. This level also coincides with the channel support.
So, it is quite likely that we will see a pullback towards 0.6610 and even 0.6670 over the next few days.
If you have any questions related to NZD/USD , you can write them here in the comment section. I will be happy to answer
KaltoireCapital
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NZD/USD's bounce could be short-lived. Keep an eye on the global equity markets. If the sell-off continues in the equity markets, it is quite likely that NZD/USD will continue to drop