FX:NZDUSD   New Zealand Dollar/U.S. Dollar
117 3 6
i published the EN short idea a couple of days ago, now with brexit on the books today all is possible of course
now NU made a similar move up from oct             2015, with quite the same retreat 2/3 of the way up
coming into the top of that falling yellow channel that i assume won't break the first time, there is room down to 0.70 or else all the way to 0.76-0.78, in that case i will look for a retest of the yellow channel for a long
but fornow my bias is short
Comment: so it did break to the upside and is now retesting the top of my yellow channel
it's a daily chart so there is time to watch PA ob lower time frames
good luck
Hi,what chance this 0.72... Is the head of a potential H&S patten..left shoulder formed...D1 time chart.? Ie down to 070, then up to 071,,,then down for a sell entry..will be watching....Ron NZ
anything goes of course,... but i see it more as an Support/Resistance level tested in feb and march 2015, broken and retested in june 2015
now is the first revisit,......personally not looking for a HnS
Just my thoughts what I saw could develop. So much depends on the us dollar and what it's doing..then also Aus/nz if this comes back as Usdollar rises again, the Aus/NZ can be a buy as it's very low over history....cheers
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