Daily Forex Chart Art – Apr. 17, 2014


NZD/USD: 4-hour

NZD/USD: 4-hour


First up is this sweet trend play on NZD/USD! The pair just bounced from a rising channel support near the 200 SMA levels. Not only that, but Stochastic has also just left the oversold territory. A stop just below the .8500 area could still get you a sweet reward-to-risk ratio if you believe that this comdoll will make new highs this month.

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Week ahead: Hawkish risk as Fed and NFP on tap, Eurozone data eyed too

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