As we see on the H4 chart on EURNZD we see that it has been in a previous downtrend then uptrend and as we look at the chart we see that pattern possibly starting to happen again and we are also oversold on the RSI after it has been in a downtrend again so we may see a possible uptrend soon to come.
Comment:
The H4 candle has opened and closed above the downtrend channel showing us we should see an uptrend in the making.
