You are not logged in.
- Trader, Analyst and webmaster for Forex-Tribe
- Registered: 07-12-2008
- Posts: 28733
- Reputation : 2
Share this topic :
NZD/USD : New medium term bearish channel
We therefore recommend to trade only short positions as far as 0.8393 is resistance. A return below 0.8350 would reinforce our bearish sentiment. The break of 0.83 will give a new sell signal and allow the price to test the next support at 0.8250.
In case of return above 0.8393, an output of the channel will be validated. A buy signal will be given.
NZD/USD 1h chart