NZD/USD Nears 2016 Trendline Support
Chart Prepared by Jamie Saettele, CMT
-The Kiwi break below .7204 (8/29 low) shifts focus towards the January-May trendline. That line is near .7020 now. Weakness below there would expose the 200 day average and July low at .6951 (this is also near the short term head and shoulders objective). Only strength through .7204 would suggest that swing behavior is no longer bearish.
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