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NZD/USD Completes Bullish Pattern

NZD/USD Completes Bullish Pattern

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-I wrote previously that “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.” NZD/USD has completed the reversal pattern so focus is higher.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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