NZD/USD Failed Rally Leaves Large Bearish Wedge Pattern Intact
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.”
-“NZDUSD has bounced from a short term double top objective (.7331). The larger wedge completed and yields a bearish objective near .6600.” Watch for resistance near .76 (and slightly above). This level was support in Dec and resistance in Feb.
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