Since the move on USD the New Zealand dollar is setting up for a fall. Projected pattern bullish Gartley. RSI 50% should take us down to S2 support at .7055
Comment:
NZD turning around as USD falls. USD headed for a double bottom, while NZD looks for a double top. Waiting for break and stay above the 20 day moving average for confirmation.
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Waiting for a 20 Day MA to be broken and stay below before we can call this a down trend. It might do that tonight.
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NZD showing bullish flag, but double top has me concerned. Need confirmation of direction
Comment:
NZD fell today. Expect fall to .7202. S1 might become support after fall.