SamKent
Long

NZD/USD still holding some bullish momentum

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
109 views
1
109 0
While the Dollar has been rallying against pretty much anything, the NZD seems to be holding its own in a fairly impressive manner. Looking at current price action on the 4hourly, the pair has been trading in a descending channel , it's currently at support, while momentum has maintained a fairly neutral structure diverging from price. All this suggests that the pair may be getting ready to bounce back to the mid consolidation level. We'd be looking for the candle to close as a hammer to further verify this scenario.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out