Trading the channel - NZD/USD Short

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Nov 26, 2016 7:54 AM

Anything can happen, but it looks as though it has turned away from the upper bound of the channel and is heading back down. Given traders will be back in force on Monday, its probable USD will resume its upward path.

Enter at 0.705
Target is 0.695