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GMPinvestors

NZDUSD back to the previous channel?

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
GMPinvestors  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Support and Resistance Trend Analysis Trend Lines NZDUSD takeprofit Forex highvolume forexsignals major
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supportandresistance trendanalysis trendline nzdusd takeprofit forex highvolume forexsignals major
The uptrend was long and clear before to break the resistance at 0.62624, pushing up the price over the EMA 200. The price started to collapse breaking again on the support at 0.64130. This range, that we called action area is for us the best section to entry short reaching the TP1 and TP2 (only if the market will break the support at 0.62624).

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GMPinvestors


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