# NZD/USD Channel Break (December 12, 2013) Source: https://www.tradersway.com/resources/market-info/nzd-usd-channel-break-december-12-2013/ Language: en Updated: 2013-12-12 Description: Explore NZD/USD Channel Break (December 12, 2013). NZD/USD has been. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. NZD/USD has been trading in a downtrend for the past few weeks but it appears that the pair is ready to break out. Earlier today, the RBNZ had its monetary policy statement and decided to keep interest rates unchanged at 2.50%. However, RBNZ Governor Wheeler hinted that they could hike rates soon since inflationary pressures are very strong. With that, NZD/USD might have enough energy for an upside break above the top of the channel. The .8300 area is already outside of the channel resistance, which suggests that it might be a good entry level. Setting a tight stop of 50 pips back inside the channel and below the .8300 handle should provide the trade enough leeway. ![NZD/USD Channel Break (December 12, 2013)] Aiming for the previous highs around the .8500 major psychological resistance seems to be a reasonable target, providing a potential 2-to-1 return on risk. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/nzd-usd-channel-break-december-12-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/nzd-usd-channel-break-december-12-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/nzd-usd-channel-break-december-12-2013/", "headline": "NZD/USD Channel Break (December 12, 2013)", "inLanguage": "en", "datePublished": "2013-12-12T12:58:09+00:00", "dateModified": "2013-12-12T12:58:09+00:00", "articleSection": "Market Info", "description": "Explore NZD/USD Channel Break (December 12, 2013). 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