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

Check USD/TRY

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: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

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