NZDUSD channel trade

April 24, 2014 by


Kiwi Dollar took quite a beating today falling down to 0.850, but could it be a dip on an up and coming up trend? On the M15 it appears to be holding a channel and has now reached the bottom. With a level just below it anyway, a buy on a retrace back to the 55 could potentially be a money maker as each time it has broken the 55 it has made a big move in said direction.