The NZDUSD at first glance looks range bound. However, once analyzed with good and simple trend lines we can see it is coming in to a squeeze. Further more, if you look at a 4 hour chart you can see we are resting on the 200 MA. If that support is broken and we also break the trendline on the daily chart then we could see a good downside occur. This is one to add to your watchlist.
Javid Shaik & Anne Chapman
Chart courtesy of Advanced Get. Data provided by eSignal.
