NZD/USD: bulls are prevailing

NZD/USD: bulls are prevailing


BUY 0.7325

SL 0.727

TP1 0.738 TP2 0.7425 TP3 0.7475

On the daily chart of NZD/USD, bulls managed to push the pair out the downtrend channel and gain a foothold above the important level of 0.7263. It is a good sign of the uptrend. To continue the rally, bulls should break the upper boundary of the 0.7185-0.735 consolidation.


On H1, after the pair reached targets of the “Broadening wedge” pattern, bulls are going to implement the “AB=CD” pattern with the 161.8% target.




AUD/USD may fall

If this week the Aussie closes in the negative area, it will continue towards the lower levels in line with the long-term downtrend.

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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