NZD/USD Content to Stay at Resistance Until RBNZ It Seems
07 Feb 2017 19:26, GMTDaily
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.