Saturday, 18 January 2020

NZDUSD: Medium Term Bull? 18-Jan-2020

CMP: 0.6612; Res: 0.6666; Sup: 0.6603/0.6583/0.6464 (base support)

As long 0.6589/0.6583 holds, support, we can see 0.6663 again and further 0.6684-0.6703.


As per 1H Chart, wave 4 can form as a triangle, which can last for days/weeks/months, before next shoot up.


Based on 4H chart, as long as 0.6583/0.6464 holds support, We wukk see 0.6753 initially and further 0.6845, 0.6932, 0.7008-0.7046 (ultimate target).

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