EURNZD Again Bounces From Channel Support

Discussion in 'Technical Analysis' started by Kaitlin, Jan 21, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Even as the failure to sustain 1.7250 break, encompassing 50% Fibonacci Retracement level of its August – December 2015 downside, dragged down the EURNZD towards 1.6800 mark, the three week old ascending trend-channel support again provided the required bounce to pair prices, favoring extended up-move to 1.7000 immediate resistance. If[​IMG]

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