NZD/USD: bulls are trying to go higher

NZD/USD: bulls are trying to go higher


SELL 0.701 SL 0.7065 TP1 0.6945 TP2 0.6905 TP3 0.685

BUY 0.706 SL 0.7005 TP1 0.7125 TP2 0.719 TP3 0.7285

On the daily chart of NZD/USD, bulls managed to pull the pair out of the downward channel. They are trying to push the pair to 50% and higher of the CD wave of the “Bat” pattern. To continue the rally, the pair needs to break the June high.


On H1, “Three Indians” and 1-2-3 patterns increase odds of the correction to the current short-term uptrend. Firstly, bears need to break the support at 0.701.



NZD/JPY: watch the resistance

NZD/JPY has performed well this month forming higher lows and highs. It was supported by the 50-day MA in July and took off from that level.

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