NZDUSD weakness extended overnight, breaking below the early
August low and uptrend form March, currently at 0.6597/75, thus
completing a small top and finally managing to follow through on
the recent bearish “outside day” and the bear “wedge” that is still
in place.
Beneath .6503 could see weakness extend even further with next
support seen at .6466, ahead of .6450/41. It’s worth highlighting
the ‘wedge measured objective’ is at .6400.
August low and uptrend form March, currently at 0.6597/75, thus
completing a small top and finally managing to follow through on
the recent bearish “outside day” and the bear “wedge” that is still
in place.
Beneath .6503 could see weakness extend even further with next
support seen at .6466, ahead of .6450/41. It’s worth highlighting
the ‘wedge measured objective’ is at .6400.
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