NZD/USD: kiwi wants out of its cage

NZD/USD: kiwi wants out of its cage


BUY 0.699 SL 0.6935 TP1 0.709 TP2 0.711 TP3 0.7185

SELL 0.6955 SL 0.701 TP1 0.6855 TP2 0.6755 TP3 0.6655

On the daily chart, NZD/USD reached an interim target at 78.6% of the “Bat” and formed a pin bar. This is inspiring bulls for a counterattack. To resume the downtrend, bears need to pull the pair below May low.


On H1, NZD/USD formed “Three Indians” and “Spike and ledge”. A break of support at 0.6955 will increase the risks of the downtrend’s resumption. On the other hand, successful test of correction high in point 3 will open the way up.




AUD/USD may fall

If this week the Aussie closes in the negative area, it will continue towards the lower levels in line with the long-term downtrend.

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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