Talking Points:
• NZD/USD has developed a congestion pattern over the past few months that stands as a clear inverse head-and-shoulders pattern
• Despite a general risk appetite building that has reached far for any and all yield over years, the Kiwi remains very low
• While a reversal with trend implications is difficult to foster in these markets, a NZD/USD turn would be a wide range move
See how retail traders are positioning in NZD/USD intraday using the DailyFX speculative positioning data on the sentiment page. ()
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@JohnKicklighter
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