NZD/USD 4-hour: Consolidating at the 50% Fibonacci level

02/19/2015 15:30 EST Update

NZD/USD 4-hour: Consolidating at the 50% Fibonacci level.

Invest Diva positioning: Long positions above 0.7520 with targets at 0.7693 and 0.7879 in extension.

Technical reasons why: The pair is consolidating at the 50% Fibonacci level at 0.7514 above the Ichimoku’s cloud. The RSI is moving above the neutrality area.

Alternative Scenario: Below 0.7520 look for further downside towards 0.7348 and 0.7193.

Where I’m setting my stops and limits:

USD/JPY 4-hour: Trapped inside the Ichimoku’s cloud.

Invest Diva positioning: No positions.

Technical reasons why: The pair continues to move inside the Ichimoku’s cloud and between our pivot levels. The RSI is at the neutrality area.

Where I’m setting my stops and limits:

Kiana Danial

#1 Best Selling Author. Helping you accelerate your retirement with Triple Compounding™ Former engineer on a mission to help 1 million households take control of their finances. Founder & CEO of Invest Diva.