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NZD/USD: a short-term idea

NZD/USD: a short-term idea

Information is not investment advice

NZD/USD has once again found support in the 0.6830 area. The price action on the H1 chart strongly resembles an inverted “Head and Shoulders” pattern. The advance above the neckline at 0.6400 will open the way up to the 0.6415/20 area, where it will once again meet resistance. This is where it will be time to consider selling.

Trade idea for NZD/USD

BUY 0.6400; TP 0.6420; SL 0.6390

NZDUSDH1.png

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GBP/USD Is Ready for Reverse Up

GBP/USD is moving inside the ascending channel. Since it’s in the lower part of this channel, the pair should reverse up and continue moving in zig-zag.

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