NZD/USD currency pair analysis
The general trend is descendant. Bears have tested the bottom border of the descendant price channel. Stochastic Oscillator indicates oversold conditions, which points to a possibility of an ascendant movement to a top border of the descendant price channel and the mirror level 0.6590.
Trading idea:
Sell from the mirror level 0.6590.
Stop-loss: 0.6645.
Target level: 0.6454.
