NZD/CAD 1H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 11, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EUR/NOK 1H Chart: Channel Up Comment: EUR/NOK is currently trading within the boundaries of the ascending channel, but the upside potential is limited. The pair is expected to rebound from 9.61, but the ensuing rally should be stopped by the resistance area between 9.74 and 9.77. There, apart of the upper boundary of the channel, we have the weekly R2, January high, and more importantly, the 14-month resistance trend-line, which at the same time is the upper boundary of the rising wedge

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