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NZD/USD Old Channel Line Comes into Play

NZD/USD Old Channel Line Comes into Play

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-I’m always on the lookout for former supports (whether horizontal or slope) to provide resistance and vice versa. Basically, be aware of potential for at least a pause in the move higher from nearby given the presence of the former channel line, which as support throughout August and September 2016.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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