Cabana Capitals Blog Technical Analysis Either a rebound or a breakout imminent on NZDUSD

Either a rebound or a breakout imminent on NZDUSD

Either a rebound or a breakout imminent on NZDUSD post thumbnail image

An emerging Channel Down has been detected on NZDUSD on the 4 hour chart. There is a possible move towards 0.6038 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.

Target: 0.6038 Entry: 0.6014 Stop: 0.599

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