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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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NZD/USD profit target reached perfectly, look to sell on break of the channel

Price is seeing channel support at 0.7290. We need price to break that level to open a drop to 0.7235.

RSI (21) is also seeing ascending support, which similarly needs to be broken to open the move down to 0.7235 in relation to price.

Sell below 0.7290. Take profit at 0.7235. Stop loss at 0.7325.

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