NZDUSD has returned to the same area that Jamie suggested would close the A-B-C formation of two weeks ago. Though with volatility already quickly receding, it does not look like his preferred extension to around 0.7680 will be reached today. While such a high may be found early next week, the presence of staggered resistance above will likely encourage congestion before a breakout to Jamie’s target is found.
STRATEGY: Bullish, against .7445, target .7720
Al Bawaba
