The trend is bearish on NZD/USD currency pair, 15 minutes time frame. As I have suggested a few hours ago during my daily Live trading room session, the market is falling down on a short term basis to print a corrective Elliott wave W bearish leg and traders should look for a sell trade. So, all those Forex traders who have followed my Elliott Wave analysis have made the right decision as the price has descended. Strong key resistance level is present at 0.6949 price level.

In my judgment, price action in NZD/USD currency pair is most likely going to rise up now to print a bullish X wave leg. The X wave bullish pullback offers us a possible sell trading chance to join the downtrend and to ride an upcoming bearish wave Y leg in the coming trading hours.

Currently;  the price action is in the progress to complete the corrective wave X bullish pullback as the Double Zig Zag Elliott wave pattern looks incomplete. So, a good idea is to look for a possible sell trading chance at bullish wave X location. However; if the price of NZD/USD currency pair breaks above 0.6949 critical resistance level then I might like to stay out of the market and re-examine the fifteen minutes chart of NZD/USD currency pair.