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NZDUSD may be finding channel resistance below 0.7950

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
gpuri  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
USD (US Dollar)
1
0
usd-us-dollar
NZDUSD may be finding channel resistance below 0.7950. If holds a short position can be taken to the 0.7800 handle which is about a 100 pips move. If it breaks out the channel the setup will be invalidated.

NOTE: Wait for RSI 8 confirmation.

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