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Currency analyst

NZD/USD: "bulls" launched a counterattack

On the NZD/USD daily chart, "bulls" managed to repel the attack of "bears" from the lower boundary of the upward trade channel and launched a counter-attack. As a result, traders managed to open longs at the level of 0.704. The nearest resistance level is close to the level of 0.7225.

On the NZD/USD hourly chart, "Shark"  inverted pattern shows us that the "bulls" may face a serious hurdle near the level of 0.722. The CD wave is usually followed by the rollback in the direction of 38,2-50% Fibonacci. It will allow us to form new long positions from the level of 0.715.

Recommendations: take profits on the longs at the levels of 0,722-0,7225,

BUY 0,715 SL 0,7095 TP1 0,728 TP2 0,735.

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