NZD/USD - PROJECTIONS...

2016年6月25日

We appear to be in a strong upward trending channel where support and resistance levels have been tested several times with one small breakout before re-entering the upward trending channel. I am expecting a move back towards the trend line as shown through looking at both RSI and Stochastics which are both showing bearish signals. I will then be looking for a bounce from the trend line and look to go long up to 78.6% fibonnaci retracement.