NZD/USD – Triangle Possibility from March Low
Chart Prepared by Jamie Saettele, CMT
-NZD/USD might be trading in a triangle from the March low (circled). The implication would be for a bit more sideways trading before a break to the downside that proves false (moves from triangles are often associated with terminal moves). Strength through the latest high at .7090 is needed in order to suggest something bullish (see here for more).
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.