FX.co - NZD/USD profit target reached perfectly, look to sell on break of the channel

2016-09-23T06:05:02

Long-term review

Price is seeing channel support at 0.7290. We need price to break that level to open a drop to 0.7235.

RSI (21) is also seeing ascending support, which similarly needs to be broken to open the move down to 0.7235 in relation to price.

Sell below 0.7290. Take profit at 0.7235. Stop loss at 0.7325.

NZD/USD profit target reached perfectly, look to sell on break of the channel

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ NZD/USD profit target reached perfectly, look to sell on break of the channel