Fri, 06 Jul 2012 07:16:39 GMT
NZD/USD 4H Chart: Channel Up
NZD/USD continues its appreciation, has risen above its SMA200 value and has formed a Channel Up pattern on the 4H chart. The pattern has 59% quality and 71% magnitude in the 140-bar period. The pattern started when the pair rebounded from 0.7648 and after testing pattern's support levels at 0.7456 and 0.7840 it has slowed down at around 0.8022 where the