JamesEvison
Long

NZD/USD - Possible Cup & Handle in the making?..

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
- NZD/USD appears to be forming a Cup and Handle pattern
- The Cup of the pattern follows a nice smooth arc
- The Handle of the pattern looks to be forming within a descending wedge (inherently bullish pattern )
- The neckline of the pattern is @ ~ 0.685
- This level would need to be broken as well as the descending wedge pattern comprising the handle to justify
entering a long position

THIS IS NOT TRADE ADVICE NOR A TRADE CALL
Nov 22
Comment: - Price failed to breakout to the upside and has moved lower
- This pattern is now INVALID

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