NZD/USD: should you buy the kiwi?

NZD/USD: should you buy the kiwi?

Recommendation:

BUY 0.6535

SL 0.648

TP1 0.6635 TP2 0.674 TP3 0.682

On the daily chart of NZD/USD, the 0.652 level (78.6% of the long-term upward wave) will determine the further direction of the pair. If bulls succeed, the pair will leave the downward channel and reach targets of the “Shark” pattern.  If bears are luckier, the pair will move down to the 88.6% level and lower.

nzdusd_d.png

On H1, if the pair breaks the resistance at 0.6535, the correction will take place and odds of the “Shark” and “Wolfe Waves” patterns’ implementation will increase.

nzdusd_60.png

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Latest news

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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