NZD/USD: kiwi is going to attack

NZD/USD: kiwi is going to attack

On the NZD / USD daily chart, the bulls reached the resistance of 0.7345 (78.6% of the long-term downward wave). A successful break of this level will allow the New Zealand dollar to continue its rally and fulfill target 113% in the Shark pattern.


On the NZD/USD hourly chart, the quotes moved beyond the triangle and there is a break of the upper border of the consolidation range in the Splash and Shelf pattern. A successful test of the June high will allow Bulls to continue their rally.




USD/TRY has moved sharply down this week falling to the support line since the end of November.

Trade ideas for gold

The downside correction is long due in XAU/USD. Gold is stuck ahead of resistance at 1298.50.

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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