nzd-usdHello traders,

Trend is bearish in four hours chart of NZD/USD currency pair. Key resistance level is present at 0.7379 price level. In past few trading days, price has printed an Ending Diagonal sell setup and dropped lower. Price in now falling down in a bearish Elliott Wave Zig Zag fashion towards 0.7105 price level.

A good idea is to look for a sell trade and join the down trend. If bullish candlestick closes above 0.7379 vital resistance level then down trend is going to fail. In such case, I would prefer to stay out of market and re-analyze price action.

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