FX:NZDUSD   New Zealand Dollar/U.S. Dollar
29 0 3
7 months ago
NZDUSD             has been on a bullish run since its brexit low of 0.6969. A good entrance for a buy trade could be with a close above the ascending channel which has been in place since the 24th june 2016 high. This trend line has been respected three times since, which shows its importance. A good target may be the daily trend line around 0.7400. With Australian employment figures being released tonight it may be better to wait to enter a trade.
7 months ago
Comment: ascending channels can be a bearish signal. A close below channel support would prove this. Price action within the channel shows a new lower high which also forms a double top.The neckline of the double top has now being broken but I would still wait for a close below channel support to confirm a sell trade.
7 months ago
Comment: Neckline broken on a triple top. Support is now holding. Waiting for Chinese GDP and industrial production figures being released in 30 min
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