Thursday, October 6, 2016

NZDUSD - 06/10/2016

The kiwi reached the lower line of the small rectangle which marks the zone where reversal may occur. I can't see any reversal signal so far, but I decided to lower my stop loss order. The decline on the 1 hour time frame switched to channel mode after a nice sharp drop. The RSI on the 1 hour chart ( and also on the 15 minutes time frame) turned down from bearish support. 
NZDUSD - 4 hours chart
NZDUSD - 1 hour chart

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