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Daily Forex Chart Art - Jan. 5, 2016

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    NZD/USD: 1-hour Here’s one for trend traders out there! NZD/USD is finding support around the .6750 minor psychological area. What makes this setup interesting is that it also lines up with a rising channel support. Think we’ll see another bounce from the pair? A long trade at current levels could pave the way for a 150-pip trade if you believe that the Kiwi will reach the .6900 area. On the other hand, you could also wait for a breakout below the support if you’re one of them comdoll bears.

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