NZDUSD 28.10_chartNZD/USD (H4) price moved in a increasing channel for a long period of time. Broader trend here is downward and finally we have observed breakout below the lower channel limit. After strong decrease impulse, correction started and now it reached the resistance zone and channel lower bound.

Correction retraced also almost the half of downward wave. H4 TF shows a small pin bar candle – when we connect it with really low dynamics of current movement it is possible to forecast that correction is starting to lose its power.

NZDUSD 28.10_screen

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