NZD/USD: the kiwi drew a pin bar

NZD/USD: the kiwi drew a pin bar

Recommendations:

BUY 0.6785 SL 0.673 TP1 0.687 TP2 0.696 TP3 0.7045

SELL 0.672 SL 0.6775 TP1 0.662 TP2 0.652 TP3 0.65

On the daily chart of NZD/USD, bulls are trying to implement the pin bar, pull the pair to the upper boundary of the downward channel and the resistance at 0.6855. On the contrary, bears hope to break the support at 0.672, implement the AB=CD pattern again and reach its 261.8% target.

nzdusd_d.png

On H1, if the pair breaks the resistance at 0.6785, the “Shark” pattern with 88.6% and 113% targets will be implemented. The 113% target is near 0.687.

nzdusd_60.png

Similar

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...

gbp

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

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