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AUD/CAD 4H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 29, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    NZD/USD 4H Chart: Channel Up Comment: NZD/USD has been in a distinct up-trend since the mid-November, when it turned around after hitting 0.6430. The downside risks, however, have greatly increased recently. The currency pair is approaching a critical resistance level at the moment, namely the October high at 0.69. Above it the Kiwi should aim for the upper boundary of the channel at 0.70, followed by the June high at 0.7230. Alternatively, a failure here would imply a sell-off to the lower

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