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

Similar

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

Latest news

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

Deposit with your local payment systems

Learn more

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

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

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