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Currency analyst

NZD/USD: kiwi loosened the grip

On the daily NZD/USD chart there's correction within an uptrend. MACD is showing mixed dynamics, EMA9 is partly crossing EMA26. The bulls retain control with ADX (>25) and +DMI above –DMA. In such situation prepare to trade on the resumption of the current trend.

On H1 Stochastics shows oversold condition. When the crab parrern reaches 161.8%, it will be a buy signal.

Recommendation: BUY 0,715 SL 0,708 TP1 0,725 TP2 0,732 

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