Markets

NZD/USD Completes Bullish Pattern

Publisher

DailyFX

Published

Mar 31, 2016 2:47AM EDT

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Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-I wrote previously that "the next directional move triggers on a break of the 1/20-2/29 trendline or a move through the October and December highs. A break above the mentioned highs would complete a 6+ month reversal pattern with target in the mid-.70s with interim resistance at .7175." NZD/USD has completed the reversal pattern so focus is higher.

For more analysis and trade setups (exact entry and exit) , visit SB Trade Desk

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.