Scenario Timeframe Weekly Recommendation BUY Entry Point 0.5945 Take Profit 0.6411, 0.6540 Stop Loss 0.5888 Key Levels 0.5517, 0.5760, 0.5888, 0.6411, 0.6540
Alternative scenario Recommendation SELL STOP Entry Point 0.5885 Take Profit 0.5760, 0.5517 Stop Loss 0.5945 Key Levels 0.5517, 0.5760, 0.5888, 0.6411, 0.6540
Growth is possible.
On the daily chart, a downward correction of the higher level ended as the wave (B), and the development of the upward wave (C) started, within which the entry first wave of the lower level 1 of (C) has formed. Now, a local correction has ended as the second wave 2 of (C), within which the wave c of 2 has formed. If the assumption is correct, the NZD/USD pair will grow within the wave 3 of (C) to the area of 0.6411–0.6540. In this scenario, critical stop loss level is 0.5888.
Main scenario
Long positions will become relevant above the level of 0.5888 with the targets at 0.6411–0.6540. Implementation period: 7 days and more.
Alternative scenario
A breakout and the consolidation of the price below the level of 0.5888 will let the asset go down to the area of 0.5760–0.5517.
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 0.5945 |
| Take Profit | 0.6411, 0.6540 |
| Stop Loss | 0.5888 |
| Key Levels | 0.5517, 0.5760, 0.5888, 0.6411, 0.6540 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 0.5885 |
| Take Profit | 0.5760, 0.5517 |
| Stop Loss | 0.5945 |
| Key Levels | 0.5517, 0.5760, 0.5888, 0.6411, 0.6540 |
Growth is possible.
On the daily chart, a downward correction of the higher level ended as the wave (B), and the development of the upward wave (C) started, within which the entry first wave of the lower level 1 of (C) has formed. Now, a local correction has ended as the second wave 2 of (C), within which the wave c of 2 has formed. If the assumption is correct, the NZD/USD pair will grow within the wave 3 of (C) to the area of 0.6411–0.6540. In this scenario, critical stop loss level is 0.5888.
Main scenario
Long positions will become relevant above the level of 0.5888 with the targets at 0.6411–0.6540. Implementation period: 7 days and more.
Alternative scenario
A breakout and the consolidation of the price below the level of 0.5888 will let the asset go down to the area of 0.5760–0.5517.
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