From a technical perspective, this is a familiar move NZDUSD is making. It has broken a very consistent channel and is treating what was a former boundary as a new floor to a change in bearing. This can be a reversal but it could also prove a false signal. How do we further improve our confidence in this setup? Fundamentals.
Komentarze
rollbahn
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In my view it seems destined to finally break through the resistance at 65.50 area today but stranger things have happened. I have set an alarm and will set what happens. On the 4 hour view that area has been hit about 15 times so when it goes, it's going to drop nicely I think.
Technician
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Hello,
would love to know what the fundamental suggest about the direction.?
bloodbath
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I couldn't care less about fundamentals. Just following highs and lows in my timeframe of preference in order to establish bias.