Newzealand
AUD/NZD 4H Chart: The upwards channel continued After meeting with the lower trend line of a dominant channel up pattern, AUD/NZD currency exchange rate began a surge on January 12.
This movement is likely to continue since it already tested the weekly and monthly pivot point resistance at 1.098. However, the pattern is drawing closer to the dominant downward channel.
Meanwhile, regarding the long term, the movement is likely to continue upward. That is due to all technical indicators confirming the price movement. The 55-hour SMA is providing support at 1.092 and both 100 and 200–hour SMAs are located under the exchange rate.
Long on NZDUSD (KIWI)False head and shoulders. Caught it from a mile away. Im in from the entries as shown on the chart. I am very long on this pair. DXY(USD) is melting. NZDUSD only way right now is to go long on this pair. I am extremely Long and heavily invested in this pair.
I believe we can hit the targets shown in time and break the previous high and go even higher. I had a previous post on Kiwi. Bias has not changed!! the Lower it went the more I bought in and added onto my positions. All those dips and false moves to the downside were done to shake away buyers. Be aware and on ur feet. It is time to go up . Safe Trading and Best Regards.
Risk Reward
Target 1: 1: 1.3
Target 2: 1: 3
Target 3: 1: 10