2019-11-11 • Updated
On the NZD/USD daily chart, bulls managed to return quotes to the upper border of the downward trading channel. If they manage to test it successfully, there will be a continuation of the rally towards 0.711 and 0.717. In contrast, the rollback from upper border can lead to the realization of 5-0 pattern.
On the NZD/USD hourly chart, quotes are moving within the upward trading channel. it tells us that the control over the pair is in the bulls' hands. A successful test of the resistance at 0.707 followed by the update of March high will activate the AB=CD pattern. Its 200% target is located near 0.718.
Recommendation: BUY 0,707 SL 0,7015 TP 0,718.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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