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EUR/NZD 1H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 12, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    NZD/USD 4H Chart: Channel Up Comment: NZD/USD has managed to rebound from 0.66, thus keeping the bullish channel intact. However, the currency pair is now facing a tough resistance area at 0.6770/40, which consists of the weekly and monthly R1s in addition to the latest highs. Still, considering that the four-hour and daily indicators are pointing north, the price should eventually climb higher. If this is the case, the next target will be the upper edge of the pattern. At the same time, a

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