NZDUSD Long IdeaNew Zealand Dollar vs. US DollarFX:NZDUSDJohnMwanikiNZDUSD has been in an uptrend and following an ascending channel. After reversing from the upper channel trendline, it entered a lower timeframe downtrend and followed a smaller descending channel. After approaching and touching the ascending channel trendline, it respected it, reversed, and broke out of the smaller one. It's likely to continue moving upwards.