NZD/USD Channel Break Portends a Dumping
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-I wrote in the update that “recent weakness raises the specter of a head and shoulders top since the July high.” The break of the January-May trendline, combined with the head and shoulders top, indicates potential for Kiwi to drop below .6600.
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