NZDUSD has been very choppy the last year and a half but it has slowly ascended within a wide channel formation. The pair had a very strong bearish move after yesterdays interest rate hike but it is yet to approach the bottom support of the ascending channel. I am looking for a brake of the channel and if it's broken I would go short @ 0.69876. My first target would be the daily support somewhere around 0.68000 if the is broken then I expect further down movement
breakForexIDEANZDUSDParallel Channelshorttrade

Disclaimer