NZD/USD: kiwi is storming a fortress

NZD/USD: kiwi is storming a fortress

2019-11-11 • Updated

Recommendations:

BUY 0.7165 SL 0.711 TP1 0.7265 TP2 0.739

BUY 0.7090 SL 0.7025 TP1 0.7190 TP2 0.7265 TP3 0.7390

On the daily chart, NZD/USD bulls managed to get above resistance at 0.7250-0.7265. Never the less, the fight for this important level continues. If the pair reaches 113% target of the “Shark” pattern, bears will be able to counterattack.

NZD1.png  

On H1, NZD/USD bulls keep controlling the situation. Sustainable uptrend allows traders to buy on the pullbacks to 23.6%, 38.2% and 50% оof the wave CD of the “Shark” pattern. 

NZD2.png

 

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