NZD/USD: kiwi wants to rise higher

NZD/USD: kiwi wants to rise higher

On the NZD/USD daily chart, bulls managed to return quotes to the upper border of the downward trading channel. If they manage to test it successfully, there will be a continuation of the rally towards  0.711 and 0.717. In contrast, the rollback from upper border can lead to the realization of 5-0 pattern.  

On the NZD/USD hourly chart, quotes are moving within the upward trading channel. it tells us that the control over the pair is in the bulls' hands. A successful test of the resistance at 0.707 followed by the update of March high will activate the AB=CD pattern. Its 200% target is located near 0.718.  

Recommendation: BUY 0,707 SL 0,7015 TP 0,718. 

 

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