NZDUSD Channel Analysis
Updated
On the NZDUSD analysis we can see the bigger picture where there is a channel down currently reaching for the top trendline while the channel down on a bigger timeframe is going there has been formed a channel up on a 4h chart where there could be some great possibilities of a shorter term trades of buy and sell if the channel up continues, when the channel up finishes we could be waiting for a breakout of the channel down and continue to a bigger uptrend or either we could se the price respect the channel down and continue to a long term sell. Hoping that it will give us a good entry!
Note
Zoom out to see the channel down
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