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Elemont
Nov 1, 2016 3:18 AM

NZDUSD BREAKOUT Long

New Zealand Dollar/U.S. DollarFXCM

Description

NZDUSD has just broken out of its pennant pattern and we expect price to continue towards next resistance, with the 200MA as support.
Comments
PabloDoNazimento
Nice, am looking for the next blue line as TP: 0.7225 aprpox, thanks4 your job.
Elemont
Yep, the blue lines (Support/Resistance) will always be zones and not an exact value.
You should pay attention to whether price breaks through the trendline (downtrending one) that the arrow is pointing to or reverses. That should give you an idea of how quickly price may go to your TP.
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