Technician
Long

Is Beaten-Up Kiwi Due For A Bounce

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
244 0 1
Update: Closed half at 0.8295
Profit/Loss(pips)= +65

A long setup on the NZDUSD             pair, as price prints a bullish reversal hammer candle at confluence of support level , the 200 and 50 days SMAs, and the broken neckline for the major double bottom pattern that was broken earlier. A break below this support area would be strongly bearish .

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