NZDUSD: Probable breakout setup

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ May 2, 2016 8:28 AM

NZUSD is consolidating within ascending channel on hourly chart. We look to trade breakout on the upside for targeting 0.7050, 0.7085 while a reversal from 0.7020 (trendline resistance) is also very objective. Patience Needed