NZD/USD: bulls are trying to go higher

NZD/USD: bulls are trying to go higher

2019-11-11 • Updated


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.



US Dollar: A Dump or a Correction?
US Dollar: A Dump or a Correction?

After completing a substantial 4-week bullish rally, the US Dollar closed last week with a big bearish candle, which has led to a 2.63% decline in US Dollar prices. The million-Dollar question on traders' and investors' minds: is this the start of a US Dollar dump or just a correction?

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