As you can see the EW pattern seems to show an oportunity to sell the NZDUSD because the expanded flat had reached the 1.618 of wave "a" projection's, there for existe the possibility to start a sell if the price shows compromise to down side, closing below the support zone that could be occupied by the 4th c wave.
Given the fact that this could be even the more explosive fase of a wave down (3), we will be confortable selling with in the minimum expectance for the price to drop @8178, but the price could get even lower, the next "easy" target could be the 1 to 1 proyection between the first five wave down and the next five wave down starting at the end of the c of the expanded flat. But if you see the force is strong, could extend the target to a 161.8 instead the 100% projection.
Given the fact that this could be even the more explosive fase of a wave down (3), we will be confortable selling with in the minimum expectance for the price to drop @8178, but the price could get even lower, the next "easy" target could be the 1 to 1 proyection between the first five wave down and the next five wave down starting at the end of the c of the expanded flat. But if you see the force is strong, could extend the target to a 161.8 instead the 100% projection.