NZD/USD – Heads Up on .7200
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).” Evidence is building that this will be a failed head and shoulders in which case there’d still be resistance to confront near .7330/40.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.