NZD/USD: Kiwi is coming back to the 'dead zone'

NZD/USD: Kiwi is coming back to the 'dead zone'

Recommendations:

SELL 0.728 SL 0.7335 TP1 0.7205 TP2 0.717

BUY 0.743 SL 0.7375 TP1 0.753 TP2 0.763

On the daily chart NZD/USD, bulls should break the resistance at 0.743 to continue the rally. On the contrary, if quotations are out the uptrend channel, it will strengthen risks of a pullback.nzdusd_d.png

On H1, the pair reached targets of the “Broadening wedge” pattern. The break of the resistance at 0.7365 will activate the “Shark” pattern. This level is in the “dead zone”. A rebound from the bottom line of the uptrend channel will support a sale of Kiwi.  

nzdusd_60.png

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