NZD/USD can recover

NZD/USD can recover

Recommendation:

BUY 0.6690

SL 0.6635

TP1 0.6790 TP2 0.6805 TP3 0.683

On the daily chart, NZD/USD didn’t manage to return the pair to the 0.6710-0.6850 range from the first attempt and trigger “Shakeout-Fakeout” pattern. Never the less, a pullback form the upper border of the downtrend channel will allow them to counterattack and mane another attempt.  

NZDUSD daily.png 

On H1, if NZD/USD recovers from support at 0.66 and returns to resistances at 0.6690 and 0.6725, the odds of a “Broadening wedge” will increase.

NZDUSD h1.png

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Latest news

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

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