NZD/USD – First Test for Bear Camp
Chart Prepared by Jamie Saettele, CMT
-The Kiwi break below .7204 (8/29 low) shifts focus towards the January-May trendline. However, be aware that the current level is well-defined as support from a parallel that relates to the aforementioned trendline. If the break is ‘false’, then this is the spot for the Bird to get off the ground.
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