NZDUSD Strong buy opportunity at the bottom of the Channel Down

It's been more than 2 months since we last gave an NZDUSD signal (see chart below), a buy call that hit straight into our 0.62750 target:


The price broke yesterday below Support 1 (0.59845) and today almost touched the bottom of the latest Channel Down pattern. With the 1D RSI almost on the 30.00 oversold barrier, this is a strong buy opportunity for a short-term rebound to at least the 0.618 Fibonacci Channel retracement level at 0.62000.

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