Mon, 05 Dec 2016 09:03:36 GMT
NZD/USD 1D Chart: Channel Up
Following a break below the bottom trend-line of the year-long channel up pattern, NZD/USD retraced from the broken level to potentially extend the slip into more negative territory, and the 200-day SMA at 0.7053 could serve as the immediate ground, opening up 0.6927/6903 for tests if broken. The May low at 0.6694 could provide some decent demand pressures or even