NZD/USD: the kiwi learns to fly

NZD/USD: the kiwi learns to fly

Recommendation:

BUY 0.6825

SL 0.677

TP1 0.6875 TP2 0.6915 TP3 0.7015

On the daily chart of NZD/USD, if the pair goes out of the downward channel and breaks the resistance at 0.6855, the “Bat” pattern with the 88.6% target will be implemented. It corresponds to 0.702.

nzdusd_d.png

On H1, bulls get ready to break the resistance at 0.6825. If they succeed, bulls will pull the pair out of the downward channel and the “Shark” pattern with the 113% target will be implemented. When the pair reaches the target, there is a risk possibility of the pullback within 5-0 transformation.

nzdusd_60.png

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