NZDUSD Excellent buy opportunity on the Channel Up bottom.

Last time we looked at the NDUSD pair (May 27, see chart below), we gave a buy signal that in a few days hit our 0.60900 Target:

NZDUSD 1D Golden Cross, final bull signal.

This time the price is trading exactly at the bottom of a 3-month Channel Up, with the 1D RSI entering its Support Zone. The true Support might be a little lower on the 1D MA200 (orange trend-line) and as long as it holds, the trend will remain bullish, but this is the first strong buy signal of the chart.

Our Target is 0.61450, which will be a +4.10% rise, exactly the same as both previous Bullish Legs.

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