NZD/USD – Respect for the 55 Day Average
Chart Prepared by Jamie Saettele, CMT
- NZD/USD has followed through on the ‘constructive bias’ and there is no reason to suggest that NZD/USD is a bear for anything other than a pause. With former highs nearby, that pause may take place soon. Previous comments remain valid; “the impulsive nature of the advance from the 10/13 low suggests that the broader trend is still higher. Weakness below the January-May trendline is needed in order to eliminate a constructive bias.”
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