InvestingScope
Long

NZDSGD: Strong Buy opportunity within the Channel Down.

OANDA:NZDSGD   NZD/SGD
The pair has been trading within a long term 1M Channel Down ( RSI = 37.426, MACD = -0.018, Highs/Lows = -0.0198) that only recently made a Lower Low and is rebounding on the 3rd straight green 1W candle.

Based on the duration and decline of the previous Lower Highs, we are expecting the next Lower High to be towards 0.91000, where it will make contact with the 1W MA50, which has always provided a rejection in the past 2 years.





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