NZD/USD: a strong NZD

NZD/USD: a strong NZD

2019-11-11 • Updated

Recommendations:

BUY 0.661 SL 0.6555 TP1 0.671 TP2 0.6815 TP3 0.6865

BUY 0.669 SL 0.6635 TP1 0.679 TP2 0.6815 TP3 0.6865

On the daily chart of NZD/USD, a break of the upper boundary of the downward channel increased the bulls’ strength. To continue the rally to the 88.6% target of the “Shark” pattern, the pair needs to break above the November high.

nzdusd_d.png

On H1, the pair reached targets of the “Three Indians” and 1-2-3 patterns. Up to now, “Shark” and “Crab” patterns are relevant. To continue the upward movement, the pair needs to stay above the support at 0.661.

nzdusd_60.png

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