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Long

NZDUSD Tests Ascending Triangle Support

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
41 0 0
NZDUSD             appears the be returning to the support trend line in the ascending triangle pattern.

Bullish long term traders will begin to build positions at these levels with stops below.

The ascending triangle matches the price action in the AUDUSD             charts.

A bullish breakout signals a new uptrend.

A bearish breakout signals a a continuation of the down trend from July 2014.

I missed this pattern in the previous chart that I posted.

Sometimes the simplest patterns are the easiest ones to miss.
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