I wrote a piece on Monday regarding NZDUSD where I asked the question, can short-term gains buck big-picture trends? In other words, can the recent bullish momentum overcome the bearish overtone of the weekly and monthly charts? So far, the bulls are doing their part. But they aren’t out of the woods just yet. In yesterday’s lesson, I wrote about the technique of using three points to draw equidistant channels to determine where a currency pair may find support or resistance. It just so happens that this exact scenario just unfolded on the NZDUSD 4-hour chart. But before we get to that, let’s take a look at the ... READ MORE
