NZD/USD: kiwi wants more

NZD/USD: kiwi wants more

Recommendation:

BUY 0.6895

SL 0.684

TP1 0.6995 TP2 0.7165

On the daily chart, bulls managed to lead the pair outside of the descending channel. If they manage to bring the NZD above 0.6907, the risks of a “Shark” pattern will increase. Its 88.6% target lies at 0.7165.

NZD1.png 

On H1, NZD/USD is retesting the “Head and shoulders” neckline. Recoil from resistance will allow bears to pull the kiwi down to 88.6% and 113% targets of the “Shark” pattern. On the other hand, successful test of resistance at 0.6895 will increase the risks of more upside.

NZD2.png

nzd

Similar

USD/JPY: dollar is overbought

Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the prices are under the strong resistance near 113.50/60 and the market is overbought.

GBP/USD: pound returned to Cloud

Bearish Ichimoku Cloud, rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices in a cloudy area but there is a strong support on 1.3380.

Popular

EUR/USD: "Double Top" pattern

Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975...

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