Kiwi holds channel

April 22, 2014 by

nzdusd-h4-ironfx-financial-services

Kiwi dollar has been holding a newly formed channel quite nicely and has recently hit the bottom. On the H4 the 55 EMA seems to be some sort of support but once/if it breaks, it has a lot of room to rise back taking into consideration the uptrend on the H4 and the daily charts. Looking bullish.