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Currency analyst

NZD/USD: QIWI found support from the big fish

On the NZD/USD daily chart heavy buyer showed his strength near the level of 0.7245. Successful "bear" attack on his position, followed by a break of the correction low at point B (0,7205) activates the pattern "Shark" with 0.7 (88.6%) target.

On the NZD/USD hourly chart a double bottom has been formed at the level of the lower border of the rising trade channel. Successful test of the 0.7245 support will create the prerequisites for the further upward movement in the peak towards 0.715 and 0,705-0,7065. The nearest significant resistance lies near 0.736 boundary.

Recommendation: SELL 0,7245 TP1 0,715 TP2 0,7065 SL 0,73. 

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