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New Zealand Dollar / U.S. Dollar
Updated

NZDUSD broken restistance?

111
NZDUSD broke out of its channel, and seems to be creating new support on previous resistance trendline.

Im waiting to see if it can hold onto this new support, and break out on the smaller TF trendline resistance.

This could also turn into a short opportunity if the support can't hold.
Note
snapshot Price tested the resistance, indicating that the bulls are ready for a breakout. Careful though as the 200MA is trailing downwards, even though price has broken it.
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Chart PatternsTechnical IndicatorsTrend Analysis
TradingFace

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.