NZD/USD Responds to .7275/95 Zone

Daily

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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