Cabana Capitals Blog Technical Analysis NZDUSD has broken through support

NZDUSD has broken through support

NZDUSD has broken through support post thumbnail image

The last 13 4 hour candles on NZDUSD formed a Channel Up pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 0.5947.

Supported by RSI above 60

Target: 0.5947 Entry: 0.6027 Stop: 0.6077

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