BabyPips.com FX-Men Team
BabyPips.com
NZD/USD: 1-hour
Here’s one for trend traders out there! NZD/USD is finding support around the .6750 minor psychological area. What makes this setup interesting is that it also lines up with a rising channel support. Think we’ll see another bounce from the pair? A long trade at current levels could pave the way for a 150-pip trade if you believe that the Kiwi will reach the .6900 area. On the other hand, you could also wait for a breakout below the support if you’re one of them comdoll bears. Just make sure you’ve read about trading breakouts if you haven’t tried it yet!
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