The channel is seen in almost all NZD pairs, I expect a move from down-side to the upper-side of the channel. In addition, I expect a decrease in USD value and increase in NZD value against most counterparts.
What is your idea?
What is your idea?
Comment:
There are two trend line based on previous low and I draw them by two thin green-dashed lines. We can see that the pair reacted to these lines. This may be a sign of descending tendency:
Trade active