Same strategy and setup as NZD/JPY, NZD/USD is approaching key levels which may suggest that there is limited upside in the hours to follow.

It has breached the upper channel line in euphoric way, a sign suggesting that the run is coming to an end exactly at 100% extension.

While such setup suggest new lows in the near term, this is meant to be an  intraday trade as we will post a more detailed analysis on a swing trade in NZD/USD.

*Entering mkt prices is an option given the reversal candle in 1h chart, confirming our short bias.

NZDUSD 1h 11-04-2016

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