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NZD/USD Broad Topping Pattern Still In Play

NZD/USD Broad Topping Pattern Still In Play

Jamie Saettele, CMT, Sr. Technical Strategist

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Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-“Risk is lower and considerably so given the head and shoulders pattern.” The dominant pattern on the NZD/USD chart remains the head and shoulders pattern. As such, focus is lower as long as price is above the latest swing high of .7238 (12/14 high). A trendline is worth monitoring for support near .6700.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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