NZD/USD Wipes Out Last 5 Days’ High and Lows
Chart Prepared by Jamie Saettele, CMT
-Kiwi is testing the horizontal breakdown level (.7204, which is the 8/29 low). Weakness below shifts focus towards the January-May trendline. Weakness below .7204 would also mean that the 55 day average, which was support in July, has been broken.
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