New Zealand Dollar Test of 7450 is Expected
Prepared by Jamie Saettele, CMT
The NZDUSD pattern is the exact same as the AUDUSD in that both made daily key reversals last week and have just broken their 20 day averages as support. Focus is on the post Thanksgiving gap near 7450. Resistance from a short term channel is strong at the current level. The bearish bias level can be moved down to 7675.
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