NZD/USD Channel Still of Interest below .6700
Chart Prepared by Jamie Saettele, CMT
-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. Short term channel support is just below .6700 over the next few trading days and could provide support. Weakness below there would shift focus to the November low at .6430.
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