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GBP/AUD 1H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 24, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    NZD/USD 4H Chart: Channel Up Comment: The New Zealand Dollar is expected to keep appreciating against its US counterpart. The near-term losses are to be limited by the rising support line at 0.6750, which is reinforced by the weekly pivot point. If the price manages to close above December 22 high, the next target should be 0.69, where the October maximum coincides with the weekly R2 level. Downward correction will then be expected above 0.6950, where strong supply is implied by the weekly R3,

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