NZD/USD Meanders after Friday Reversal
Chart Prepared by Jamie Saettele, CMT
-There is no change to the NZD/USD outlook. “Kiwi has rebounded from a well-defined price point (.6960s) but remains below a very long term level (1985-1993 line).” The long upper wicks (especially last Friday’s reversal) warn of a top but a breakout would set an objective near .7700 (measured move).
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