Mon, 24 Nov 2014 09:00:28 GMT
NZD/USD 4H Chart: Channel Up
Since the middle of July, when the NZD/USD cross reached the highest level this year at 0.8838, the pair has been gradually declining. However, more recently, namely on 7th of November, the pair reached the lowest level this year embarking on a new upward trend.
The Kiwi is now targeting the 0.80 level, which is represented also by the weekly and