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

XAU/USD: gold was captured by bulls

Recommendation: BUY $1327 SL $1312 TP $1357 TP2 $1395 On the daily chart, XAU/USD is under control of bulls, at least until the pair’s trading above $1306 an ounce…

Popular

Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera