NZD/USD: kiwi fell

NZD/USD: kiwi fell

Recommendation:

SELL 0.6605 SL 0.6660 TP1 0.6515 TP2 0.6495 TP3 0.6370

SELL 0.6640 SL 0.6695 TP1 0.6540 TP2 0.6595 TP3 0.6370

On the daily chart, NZD/USD retested the neckline of the “Head and shoulders” and then went below the lower border of the 0.6710-0.6850 consolidation range. As a result, bears got close to 161.8% and 261.8% targets of the senior and junior AB=CD patterns.

NZDUSD daily.png 

On H1, NZD/USD keeps forming a “Broadening wedge”. Pullbacks to resistance at 23.6%, 38.2%, 50% or to a moving average (MA21) may be used for selling.

NZDUSD h1.png

Similar

GBP/CAD is insatiable

GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.

EUR/CAD is ready for a move

EUR/CAD has formed a couple of higher lows since October. The pair has managed to overcome the 50- and the 100-day MAs at 1.4588 and 1.4640 respectively.

Latest news

GBP/CAD is insatiable

GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.

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