NZD/USD at October Low; Pay attention to .7100 Area Too
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-“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).” Irrespective of general USD thoughts, the Kiwi chart is what it is so be aware of .7090-.7110 (former lows and 200 day average) as potential resistance.
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