NZDUSD High probability buy at the bottom of the Channel Down.

The NZDUSD pair has gone a long way since the previous successful buy signal we gave (see chart below):


The Channel Down shifted higher but the price is once again found on its bottom (Lower Lows trend-line) giving us a new high probability buy opportunity. On top of that, it appears to be repeating the May 31 bottom as the RSI is on an identical sequence. As a result we expect a rise towards the 0.618 Fibonacci Channel level at 0.60500, which would be as close as possible to the 1D MA200 (orange trend-line) to test it as a Resistance.

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