NZDUSD at Channel Support
It has been observed that KiwiDollar is coming near Channel Support close to a good support zone (Marked in Green) along with RSI coming onto the support line. A long can be initiated at Channel Support.
Entry: 0.7240 to 0.7249
Target: Next resistance zone at 0.7295. The 2nd target can be aimed at Channel resistance while trailing stops.
Stop: Below Green support zone at 0.72149
Entry: 0.7240 to 0.7249
Target: Next resistance zone at 0.7295. The 2nd target can be aimed at Channel resistance while trailing stops.
Stop: Below Green support zone at 0.72149
Trade active
Trade closed: target reached
Target 1 reached at 0.7295. Made a strong upmove from the entry point bouncing from the channel support.Regards :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.