NZD/USD Bullish Pennant Above Suggests Upward Continuation

2 min read
tarantula fx

tarantula fx

Head of Trading

Hi traders,

The NZD/USD has formed a bullish pennant above 6/8 Murrey Math and M H4 Camarilla Pivot. We might see uptrend continuation.

Bounce from 0.6640-50 zone is constricted by the upper pennant trend line. For uptrend continuation bullish impulse should break 0.6690. A close or a strong marubozu candle above the level will target 0.6715 and 0.6744 where the biggest confluence is. However, a drop below 0.6620 will put the pair in neutral mode targeting 0.6590

For more daily wave analysis and updates, sign-up up to our ecs.LIVE channel.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

Leave a Reply


This site uses Akismet to reduce spam. Learn how your comment data is processed.

Notify of