NZDUSD is testing the bottom of the channel flag

NZDUSD is testing 0.6000

 

NZDUSD is testing the bottom of the flag channel in a falling wedge (usually bullish) and a significant RSI-positive divergence.  The bounce here could produce a 300-400 pips upside rally to declare an end of a five-waves down and a beginning of a new potential upside bullish sequence.

Note: look for the long trade entries with the stop loss below 0.5930

 

NZDUSD channel support test

 

 

 

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