NZD/USD: kiwi rises to the clouds

NZD/USD: kiwi rises to the clouds

2019-11-11 • Updated

Recommendations:

BUY 0.7475 SL 0.7420 TP1 0.7575 TP2 0.7675 TP3 0.7775

SELL 0.7365 SL 0.7420 TP1 0.7275 TP2 0.7235 TP3 0.7205

On the daily chart of NZD/USD, if bulls manage to settle above 0,7395 and then overcome resistance at 0.7475, the formation of the “Widening wedge” will allow them to count on the resumption of an uptrend.

NZD1.png  

On H1, NZD/USD reached the targets of “Wolfe waves” pattern. The pair’s currently forming a “widening wedge” on the basis of “Three Indians”. A break of support at 0.7365 will increase the risks of a pullback.

NZD2.png

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