Friday, September 23, 2016

Nzdusd: Channel Break-Out

We waited for a correction upside at the beginning of the week after a good dip in the last two weeks.
Price seems to have completed the correction at 50% Fibo retracement.

Though, below our forecast reversal level, price completed a double zigzag correction in form of a channel.

The break below the channel also shows that the bearish move might continue to 0.715 and 0.7.

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