27.12.2021
The overall trend is descending. The ascending truncated 5 sub-wave pattern has completed. There is a bearish divergence on the Awesome Oscillator, and the moving averages of the Stochastic Oscillator have left the zone of the overbought conditions. The breach of the 0.6803 level will form the descending wave pattern.
NZD/USD rate online: monitor the price movement in real time.
Trading idea:
Sell when the 0.6803 level is breached.
Stop loss is over the resistance level 0.6841.
Target levels: 0.6772; 0.6705.
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