$NZDUSD –Takes Channel top out

Cross finally took out the R4 resistance @ 1.7758 and has now hit the top of the perfectly built channel.   Some profit taking has already occurred.  We do not think the trend is over just yet. Look for an upward move the target at 0.7814 with a stall at the .7800 area.  Do not rule out a move all the way to the bottom of the channel to accomplish the above.  If so, it should find support for another run at the 0.7714 former support .