Daily
![](https://media.dailyfx.com/illustrations/2017/02/07/eliottWaves_nzd-usd_body_nzdusd.png)
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.