Nzd price within an 8hr channel. Either going to break out and become bullish (short term) or it may just fall back within the channel. Either movement should signal short term direction for the pair.
Trade active
Pair has reached 4hour support 30 minutes before a new 4hr candle. And 4 hours before NY session. This may bounce and reverse back to the high looking towards .60
Or
This may continue the slide down until the .59 psychological level.
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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.