NZD/USD: kiwi found a place for breakfast

NZD/USD: kiwi found a place for breakfast


BUY 0.7000

SL 0.6945

TP 0.7105

On the daily chart, NZD/USD is consolidating between 0.6820-0.7000 (October low and the lower border of the uptrend trade channel). A break of resistance at 0.7000 will return bulls’ hope for resuming the uptrend. On the other hand, successful test of support at 0.6820 will increase the risks of going to 127.2% and 161.8% targets of “Crab” pattern


On H1, aggressive market entries imply getting in on the break of the 0.6905-0.6990 range. According to the conservative approach, it’s necessary to wait for a break of a wider trading range 0.6820-0.7000.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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