On the NZD/USD daily chart, “bulls” managed to repel the attack of “bears” from the lower boundary of the upward trade channel and launched a counter-attack.
As a result, traders managed to open longs at the level of 0.704. The nearest resistance level is close to the level of 0.7225.
On the NZD/USD hourly chart, “Shark” inverted pattern shows us that the “bulls” may face a serious hurdle near the level of 0.722. The CD wave is usually followed by the rollback in the direction of 38,2-50% Fibonacci. It will allow us to form new long positions from the level of 0.715.
Recommendations: take profits on the longs at the levels of 0,722-0,7225,
BUY 0,715 SL 0,7095 TP1 0,728 TP2 0,735.
Origin: FX BAZOOKA
