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AwesomestGamer
Apr 27, 2016 5:53 AM

NZDUSD Long

New Zealand Dollar/U.S. DollarFXCM

Description

In complete contradiction to my post a few days ago (linked related idea) we move out to a higher time frame and we see that the price 0.68736 is currently sitting on:
1) support on the upwards channel
2) previous resistance which may turn into support
As usual, we'll await price actin to confirm if a higher high is formed here, or if the channel breaks to the down side.
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