NZDUSD Moving within the channel

NZDUSD Moving within the channel

NZDUSD keep moving within the downward channel. Price creating LH showing the weakness of NZD against USD. Overall downward angle are not that sharp but price  has a chance to go to its channel support and horizontal support zone where they overlapped. We can see a bearish EMA cross over which indicating rising power of bear.

 

Key points

– Downward Price Channel

– Bearish EMA cross over

 

NZDUSD Moving within the channel