NZD/USD profit target reached perfectly, look to sell on break of the channel - Forex247

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Friday, September 23, 2016

NZD/USD profit target reached perfectly, look to sell on break of the channel

Price is seeing channel support at 0.7290. We need price to break that level to open a drop to 0.7235.

RSI (21) is also seeing ascending support, which similarly needs to be broken to open the move down to 0.7235 in relation to price.

Sell below 0.7290. Take profit at 0.7235. Stop loss at 0.7325.

analytics57e4c5fd95e40.png

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