NZD/USD: kiwi is going upwards

NZD/USD: kiwi is going upwards

Recommendations:

hold long positions (BUY 0,695 SL 0,6895 TP 0,708),

BUY 0,6995 SL 0,694 TP1 0,712 TP2 0,734.  

On the NZD/USD daily chart, the break of the diagonal resistance in the form of the upper border of the downward trading channel pushed the quotes higher. The bulls almost fulfilled the target 113% of the "Shark" junior pattern. Buyers are ready to set more ambitious goals and realize the senior shark Shark. Its target 88.6% can be found near the mark of 0.734.

On the NZD/USD hourly chart, there is a continuation of the upward movement towards the target 224% in the AB = CD pattern. A test of the resistance at 0.7055 can lead to the implementation of this target.

Recommendations:

hold long positions (BUY 0,695 SL 0,6895 TP 0,708),

BUY 0,6995 SL 0,694 TP1 0,712 TP2 0,734.  

Similar

USD/CHF can go down

USD/CHF reached 0.9630 (50% of the medium-term rising wave), although the diagonal resistance in form of the upper border of the downtrend channel is a more serious obstacle.

GBP/USD: pound Cloud’s support

Expanding bullish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun.

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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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