EUR/NZD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
EUR/NZD has been trading in a 490-pips wide corridor for almost three weeks; the corridor represents a 266-bar long channel up pattern that started on November 7.
According to the SWFX data, 60.00% of market players are bullish on the pair that adds to signs that the currency couple is likely to continue its winning streak thus prolonging the pattern. Meanwhile, technical indicators send neutral signals for long, short and medium terms.
© Dukascopy Bank SA
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