NZD/USD: kiwi is tired of flying

NZD/USD: kiwi is tired of flying


SELL 0.7345 SL 0.74 TP1 0.7275 TP2 0.7245

BUY 0.7395 SL 0.734 TP1 0.7475 TP2 0.75 TP3 0.756

On the daily chart, NZD/USD is retesting the upper border of the consolidation range 0.7185-0.7350. A rebound from support at 0.7350 with the following advance to April high will open the way up to 200% target of AB=CD.


On H1, NZD/USD formed a reversal pattern “Widening wedge” on the basis of “Three Indians”. A successful test of support at 0.7345 will allow bears to count on a correction. To resume the uptrend, bulls need to push the pair above resistance at 0.7395.



GBP/USD: bears-bulls - 5:0

On the daily chart of GBP/USD, bears managed to fight off the bullish attack at resistance at 1.3455 and start their own advance. The pair triggered AB=CD pattern. Its 200% target is at 1.2870.

USD/CHF: franc is at the crossroads

On the daily chart of USD/CHF, an advance to May high will trigger AB=CD pattern with a target at 224% and increase the odds of the pair getting to the target of “Wolfe waves” pattern.


USD/JPY: dollar is overbought

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; Dollar is going to positive area, but the market is overbought now.


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