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NZD/USD Follows Through on Wedge Break

NZD/USD Follows Through on Wedge Break

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

NZD/USD Follows Through on Wedge Break

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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-“A wedge may be underway from the February low though. The bearish pattern would complete on a break below the support line from that pattern.”

-The wedge completed and yields a bearish objective near .6600. Risk is lower as long as price is below .7750.

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