What do the analysts expect?
Here we have gathered the most interesting currency forecasts of analysts from the key commercial banks…
NZD/USD: kiwi has a vertigo
Recommendation:
SELL 0.7075
SL 0.7130
TP 0.6965
On the daily NZD/USD chart, buyers managed to return the pair to the long-term uptrend channel. This creates grounds for the bullish trend’s resumption. In addition, reaching of 88.6% target increases the risks of the transformation of the “Shark” pattern into 5-0.
On H1, bulls took the initiative after NZD/USD formed a “Triangle”. A decline below the previous consolidation range of 0.7075-0.7125 will create grounds for a deep correction.
Ivan Karamazov
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