NZD/USD can get even higher

NZD/USD can get even higher

Recommendation:

BUY 0.6725

SL 0.6670

TP1 0.6825 TP2 0.69 TP3 0.7055

On the daily chart, bulls managed to lead NZD/USD outside of the downtrend channel. They are ready to trigger the “Shark” with 88.6% and 113% targets. To do that, they need to conquer resistance at 0.6710 and return the pair inside the previous consolidation range of 0.6710-0.6850.

NZDUSD.png 

On H1, NZD/USD reversed up helped by the Three Indians” pattern. To confirm their success, bulls need to trigger and form the “Widening wedge”.

NZDUSD H1.png

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Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

Latest news

XAU/USD: a short-term trade

Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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