NZD rebounding from channel side

So NZD is not really a perfect buy right now - sloping channel and clear downtrend. However, there is some support for a bounce in early next week. For example, AUD and NZD often has some sort of correlation, and both look like jumping.

Trade:
- Channel bottom stopping momentum like has happened previously many times before.
- Stoch and RSI coming from super oversold.
- Light green line is slope from area before last impulse. It indicates where we should exit our trade (recurring pattern.

Comentário:

Yeap, there was an impulse of retracement but NZD looks perhaps a bit too bearish right now.