NZDUSD at Channel Support

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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
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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