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Serving Traders Since 2005
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4th January 2012, 09:44
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NZD/USD 01.04.12
A triangle pattern appeared on the the Kiwi. However, the triangle here was ascending and the pressure of the buyers was much obvious. The pair broke through the resistance at 0.78 and it is now moving towards the 200 SMA at 0.80, which is an important level that the Kiwi has to break-through in order to determine that a new bullish trend has begun. As long as the pair keeps the higher-lows pattern that started on the end of November, it will have better chances to continue the current session.
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Enivid (4th January 2012) | ||
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4th January 2012, 11:04
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Nice find! NZD/USD has also broken through the long-term channel:
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