Mon, 09 Jan 2017 08:47:25 GMT
GBP/NZD 1H Chart: Channel Down
Following a tap at three-month highs, GBP/NZD proved the area unsustainable with a channel down. The pattern has a solid and an alternative trend-line, based on the pair's recent step under the bottom boundary, which it is testing now. In case the pair goes on to rebound, the trend-line will be confirmed, meaning that it remains inside the pattern. If,