NZD/USD: kiwi votes for the correction

NZD/USD: kiwi votes for the correction

Recommendation: SELL 0,72 SL 0,7145 TP1 0,7085 TP2 0,701

On the NZD/USD daily chart, target 88.6% of the inverted  Shark pattern has been achieved. At the present moment, there is a risk of a pullback towards 38.2%, 50% and 61.8% levels of the CD wave as part of the transformation of the Shark pattern into the pattern 5-0. To restore the uptrend, the Bulls need to update the June high.


 On the NZD/USD hourly chart, a reversal pattern 1-2-3 and a triangle were formed. A break of the diagonal support near 0.72 will create the prerequisites for the correction towards 0.7085 (target 88.6% of the Bat pattern) or lower. 



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.


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