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NZD/USD Ascending Triangle Breakout Attempt

Jamie Saettele, CMT

DailyFX.com -

Daily

NZD/USD Ascending Triangle Breakout Attempt
NZD/USD Ascending Triangle Breakout Attempt

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-NZD/USD may be about to make a move. The last update noted 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.” The rate is just shy of the October and December highs and a break above would complete a 6+ month reversal pattern with target in the mid-.70s with an initial stop at .7175.

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


original source

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