NZD/USD: the kiwi found the bottom
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Recommendation:
BUY 0.6525
SL 0.647
TP1 0.6625 TP2 0.6725 TP3 0.681
On the daily chart of NZD/USD, the pair reached the 0.639-0.6435 convergence. It’s formed by the 88.6% level of the upward long-term wave and the 127.2% target of the AB=CD pattern. The rebound from the support will signal the bulls’ counterattack. Vice versa, the break of the support will let bears pull the pair down.
On H1, there are “Three Indians” and “Wolfe waves” patterns. The return of the pair to levels of the “second Indian” will increase odds of the correction to targets of the “Wolfe waves” and “Shark” patterns.
