New Zealand Dollar Closing in on January Low
480 Minute Bars
Prepared by Jamie Saettele
As mentioned in recent days “the dominant pattern in the NZDUSD is the 5 wave drop from 7975, which keeps me looking lower.” Near term resistance is 7627 and 7645. Price should remain below 7787 on its way to a break below 7524 and eventually 7342.
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