NZD/USD Range Trade Still Dominant; .6575 of Interest Again?
Chart Prepared by Jamie Saettele, CMT
-The next directional move triggers on a break of the 1/20-2/29 trendline or a move through the October and December highs. A break above the mentioned highs would complete a 6+ month reversal pattern with target in the mid-.70s with interim resistance at .7175. The most recent failure just below the important highs does leave open the possibility of continued range action with possible support at .6575.
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