NZD/USD has a chance to fall to the area of 0.6960
Consisting intersection STH4 with STD1 on the background of the price fixates below 2/8 (0.7080) can be regarded as a signal to reduce at least to the level of 1/8 (0.6958). Nevertheless, the probability of the growth scenario is also available, as evidenced by the very small distance between STH4 and STD1, as a bullish color STD1. Therefore, a significant breakdown of the level 2/8 will lead to a test mark at 3/8 (0.7202). Preference is nevertheless necessary to give the bears considering that STH4 yet no signs of growth.
Sell – 0.7080; sl – 0.7125; tp – 0.6950.