NZDUSD may be finding channel resistance below 0.7950 Short

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Nov 27, 2014 5:27 AM

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.

USD (US Dollar)