About meJustin Bennett is a full-time Forex trader and Owner of Daily Price Action. His Forex trading career began in 2007 and has followed a path similar to many traders. He tried nearly every indicator known to man for the first 3 years with little success. It
Joined 2 years ago
Watch for a retest of the area between 1.9050 and 1.9075 as new support. Alternatively, wait for a 4 hour close above 1.9178 before considering a long entry. Key resistance comes in at 1.9290 and 1.9460.
NZDUSD had been in a steep downtrend since early July. After falling 1,130 pips, the pair began consolidating into a bear flag pattern in late September.
The pair broke out of the pattern on October 23rd with a daily close well below channel support. The market quickly recovered back inside the channel, however ...