It's time to sell kiwi

As for New Zealand dollar, we have a broken ascending channel, which has been already tested once by a currency pair. Let’s try to sell an asset for a second time away from this broken channel.

According to preliminary data, Sell Limit 0.7255, Stop Loss 0.7340, Take Profit 0.7000.

As for British currency, we have a descending channel, which has been drawn in the three points + broken ascending channel:

Let’s have a look at 4-hour chart. There is an option to sell the pair aiming at reaching the level 1.2050 in crossing point of the abovementioned trendlines at horizontal level 1.2315. Here, we should wait for the candlestick patterns to form or take a risk and place a limit order with Stop Loss of about 60 to 70 points.



It's time to sell kiwi
As for New Zealand dollar, we have a broken ascending channel, which has been already tested once by a currency pair. Let’s try to sell an asset for a second time away from this broken channel...
Australian CPI much weaker than expected
Most Asian stock markets are down on the day, disappointing earning results added to Yen strength weighed on Japanese markets. Oil prices are higher and the front end WTI future is comfortably above USD 44 per barrel...
Best Wishes from XM
On behalf of our management team we would like to wish all our clients and their families worldwide best wishes for the holidays. Our trading and customer service hours during the holiday period are illustrated below...

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