NZD/USD: will kiwi catch the wave

NZD/USD: will kiwi catch the wave

Recommendation:

BUY 0.709

SL 0.7035

TP 0.7235

On the daily chart, bears managed to lead the pair to the lower border of the long-term uptrend. A successful test of diagonal support will increase the possibility of a break in an uptrend and formation of the “Crab” pattern.

NZD1.png 

On H1, the return of the pair to the top of the previous short-term consolidation will create grounds for the reversal “Wolfe waves” pattern.

NZD2.png

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