We have outlooked several promising Forex pairs and the result can surprise you!
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
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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