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 bounded by two upward sloping lines since December 9. The pair's moves represent a wide channel up pattern that was 94-bar long at the moment of writing.
A recent weakness in the common currency entailed a stab to the lower limit of the pattern after that selling pressure abated and helped the pair to change direction to the north. Currently, the currency couple is expected to continue appreciating as 66.67% of traders are bullish on the pair.
© Dukascopy Bank SA
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