NZD/USD: kiwi is resuming trend
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Recommendation:
BUY 0.7305
SL 0.725
TP1 0.745 TP2 0.7505
On the daily chart, NZD/USD is forming 5-0 senior pattern and the junior “Bat” pattern. Triggering of the latter will increase the risks of continuation towards 88.6%.
On H1, NZD/USD reached targets of the “Widening wedge”. The level of 88.6% of the wave 4-5 (previous buying point) is acting as support. There’s 23.6% level of the wave CD of the inverted “Shark” pattern. Inability of bears to lower the pair below this important support will be a reason for long positions.
