NZDUSD Potential Recovery

2015年8月9日

The NZD looks like it is poised for some upward momentum based on last week's technicals. The pair has been trading in a slender descending channel but broke out to the upside of the channel off a solid double bottom. My bias this week is bullish but i'd like to see the pair first get past .662 a previous structure. A further break of the indicated neckline might open up a retest of 0.7.
Looking forward to the new trading week.
GLGT traders.