NZD/USD First 52 Week High Since July 2014
Chart Prepared by Jamie Saettele, CMT
-“NZD/USD has erased most of the May drop in just the first week of June. Longer term, the area above .7100 is interesting. If NZD/USD trades up to that level and fails, then it’s possible that a wedge has formed from the 2015 low.” The ‘interesting’ level for Kiwi extends until about .7200. For details, watch this video.
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