NZDUSD has reacted to the 20 day average and VWAP from the low. Today's low is also near a well-defined horizontal level defined by congestion from early May, the 5/19 high, and 5/25 low. The pullback from Friday's high is relatively shallow but I'm constructive as long as price is above today's high.
-Jamie Saettele
-Jamie Saettele
Director of Technical Research at Krilogy, author Sentiment in the Forex Market
Twitter: twitter.com/jamiesaettele
Website: www.krilogy.com/
Twitter: twitter.com/jamiesaettele
Website: www.krilogy.com/