airamare01
Long

NZDUSD Potential Recovery

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
18 0 1
The NZD looks like it is poised for some upward momentum based on last week's technicals. The pair has been trading in a slender descending channel but broke out to the upside of the channel off a solid double bottom . My bias this week is bullish but i'd like to see the pair first get past .662 a previous structure. A further break of the indicated neckline might open up a retest of 0.7.
Looking forward to the new trading week.
GLGT traders.
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