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T3-Consultancy

NZDUSD H1: Bullish outlook seen, waiting to bounce from the chan

Long
New Zealand Dollar / U.S. Dollar (FOREXCOM:NZDUSD)  
T3-Consultancy  
FOREXCOM:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns
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trendanalysis chartpattern
On the H1 timeframe, prices have formed an upward trend and retrace earlier this week to test the lower bounds of the channel. A bounce from the 0.786 retracement level at 0.6312 will be a good opportunity for the continuation of this upward trend. This may also coincide with the 50bps rate hike by RBNZ on Wednesday.
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