Kiwi is ripe to be sold on the market

26 January, 2017

AUS200

We should buy the Australian index AUS200 in the next few days. The index price has formed a bullish engulfing in the daily chart at the 5625.00 level, which has been broken earlier. Taking into consideration the presence of an uptrend in the daily chart, we should count on its steady growth and the breakthrough of the upper line of the ascending channel.

NZD/USD

As for the kiwi, we have broken the uptrend in the daily chart.

The price has touched the broken ascending channel, therefore it is wise to consider New Zealand dollar sales even at the current price.


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