NZDUSD H1 - towards channel resistance
NZD/USD on H1 chart shows current outbreak from a wider consolidation. In context of recent bullish trend, this can be read as a signal for continuation of growth. The price looks much more interesting at higher intervals.
On daily chart we see that price has been respecting for a long time edges of a bearish channel. It is therefore logic that setting new highs should signal continuation of the trend at least in the direction of the upper edge. So it seems that we can expect growth to around 0.73.
On daily chart we see that price has been respecting for a long time edges of a bearish channel. It is therefore logic that setting new highs should signal continuation of the trend at least in the direction of the upper edge. So it seems that we can expect growth to around 0.73.
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