BabyPips.com FX-Men Team
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NZD/USD: 1-hour
NZD/USD has hit bottom! Of a rising channel, that is. As mentioned in my intraday charts post yesterday, NZD/USD has been on an ascending channel since the start of the month. Right now it’s testing the pattern’s support around the .6700 major psychological handle. Not only that, but Stochastic is also chillin’ like a villain in the oversold area. The cherry on top of the opportunity is the pile of candlesticks hinting that the bulls and bears are having a nice tug-o-pips around the area. Think the bulls will win this round?
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