Fxprotrader

NZDUSD Two Potential Scenarios For The Upcoming Week

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
Price has been in a corrective structure for a while and it's now testing the upper bond of the rising channel it moved in. The most possible scenario is to start a move to the down once again. We should watch for a sell setup to complete at that level and after that to go short.

In case we have a breakout above the channel, we should wait for a correction and watch for buy setups.

Watch my previous flag pattern setup in NZDUSD             (link below)

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Volume NZD
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