NZD/USD: the kiwi found the bottom

NZD/USD: the kiwi found the bottom

Recommendation:

BUY 0.6525

SL 0.647

TP1 0.6625 TP2 0.6725 TP3 0.681

On the daily chart of NZD/USD, the pair reached the 0.639-0.6435 convergence. It’s formed by the 88.6% level of the upward long-term wave and the 127.2% target of the AB=CD pattern. The rebound from the support will signal the bulls’ counterattack. Vice versa, the break of the support will let bears pull the pair down.

nzdusd_d.jpg

On H1, there are “Three Indians” and “Wolfe waves” patterns. The return of the pair to levels of the “second Indian” will increase odds of the correction to targets of the “Wolfe waves” and “Shark” patterns.

nzdusd_60.jpg

Similar

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.

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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.

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

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