NZD/USD – Floor in at .6900?
Chart Prepared by Jamie Saettele, CMT
-I wrote last update to “consider a more immediate bullish outcome if Kiwi starts to make progress on the upside from the current level, which is defined by a parallel. Also, NZD/USD is above the March low despite the AUD/USD drop. This non-confirmation is typical at turns.” Kiwi has turned up sharply so the recent low may be important. Strength through the latest high at .7090 would confirm.