NZD/USD: The monthly fibs are in an UP ABCD swing. I also see

Tian Kriek

Analyst


September 20, 2019 07:24 AM

BULLISH

Daily Trading Range:
NZD/USD: The monthly fibs are in an UP ABCD swing. I also see price bounced bullish against pivotal support at 0.6300. On the weekly time frame I can see a Bullish Harmonic pattern suggesting that price will move higher. There is also a bullish candlestick formation and an inner trend line break. I see on the Daily time frame that there is no UP FIB AB boundary. I would rather wait for an up ABCD swing and then Buy from the C to the D. I can also see a crown formation but price needs to retrace in order to establish the right tip.

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 0.7150
Resistance 2: 0.7440
Resistance 1: 0.7500
Current Price 0.6273
Support 1: 0.6400
Support 2: 0.6200
Support 3: 0.6000

Two Hour Chart

Two Hour Chart
The market is moving can you keep up?