NZD/USD Failed Breakout; Channel of Interest at .6670
05 Apr 2016 18:42, GMTDaily
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-I wrote previously that “NZD/USD has completed the reversal pattern so focus is higher.” NZD/USD has turned sharply lower, which eliminates the constructive bias. .6668 (recent low and short term channel) is an important short term pivot.
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