NZD/USD Tight Consolidation
Chart Prepared by Jamie Saettele, CMT
-Since breaking the September-November trendline, NZD/USD triggered a double top with weakness below the November low. However, the 1/20 reversal and subsequent follow through casts double on the validity of the downside…at least in the near term. With price continuing to hold the November low, beware of a run on .6615 or so (support from October).
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