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burak_tradingchannels

Kiwi at a critical junction

New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
burak_tradingchannels  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD nzdusdshort nzdusdlong
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nzdusd nzdusdshort nzdusdlong
The break up of the bull flag would be super bullish. The green support has 3 hits. If Kiwi stays within the declining channel and breaks down that green support, it would clearly open the space underneath for a steep drop. All in all, it is a great technical picture which can be played both ways depending on the direction of the break out.
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