Hello Traders,
How has your trading been so far?
We have just a few days left in the month of January before we call it a wrap.
Let’s hit the charts and see what Wednesday holds for us in the market.
1. NZD/USD
Price on the daily chart of the NZD/USD has hit a key support level (0.65253)
The present support level was once a key resistance level of a descending expanding channel. If the Bears are strong enough to break it, price next bus stop would be 0.64339, and a reversal would mean price retesting resistance level 0.66283.
Remember, however price reacts to the present support level, ensure you wait for a confirmation before taking the trade.
That’s all we have for today ladies and gents, do have a productive day ahead.
