Price is testing last weeks minimum, it seems to be a good point to open short-term long position, to catch the moment the price bounces back with a stop @1.352 and take around 1.363, although trailing might be better option for this time.
After ret. with 200 pips from the 50fib of the previous rally up, PA managed to ret. only to 38.2 forming a bullish pennant. Is it bullish or just a CZ on structure before cont. down? I suppose the 1st is more likely. With GBPUSD nearing the peaks and weak NZD it is very hard to predict the next moves.
Watch out for the break of 956 for down move and 965 for...