NZD/USD – Bird Still Grounded
Chart Prepared by Jamie Saettele, CMT
-“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.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.