NZDSGD: Long opportunity within a 1M Channel Down.

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NEW ZEALAND DOLLAR / SINGAPORE DOLLAR (FX_IDC:NZDSGD)

FX_IDC:NZDSGD NEW ZEALAND DOLLAR / SINGAPORE DOLLAR

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The pair has been trading within a 1M Channel Down (RSI = 35.152, MACD = -0.017, Highs/Lows = -0.0297) since January 2017. Currently it is closer to the Lower Low zone and since through-out this downtrend it has always made contact with the 1W MA50, we are expecting a rise towards at least 0.9000.

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