Most NZD pairs are currently at a level of string support, and with my expected weakening euro , this pair should dip. (Albeit weak) daily support has been broken and I can see this formation taking price lower still.
As always with this pater, we will have 1:2 risk and our first TP level at 38.2%.
X:B = 0.382-0.618
A:C = 1.272-1.414
X:D = 0.786