NZD/USD: Kiwi is following a “Crab”

NZD/USD: Kiwi is following a “Crab”

Recommendations:

BUY 0.7430

SL 0.7375

TP1 0.753 TP2 0.756 TP3 0.763

On the daily chart NZD/USD, a consolidation of 0.7185-0.743 is continuing within the “Broadening wedge” pattern.  A return of the pair to the uptrend channel, a break of the resistance at 0.743 and 0.7475 will predetermine the recovery of the uptrend.  

NZD1.jpg 

On the H1, the pair has almost reached the 88.6% target of the “Bat” pattern. After the implementation of the pattern, it will transform into the “Crab” pattern. NZD/USD will continue to move within the “Dragon” pattern.

NZD2.jpg

nzd

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EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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