NZDUSD RSI channel break Short

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Jan 22, 2017 6:59 AM

I think it is perhaps noteworthy to look at the underlying strength/weakness of NZDUSD on the 4h timeframe. Although price is still within a rising channel, the RSI has already broken down below the lower band of it's channel.