Since current price action of NZD/USD has been greatly influenced by the carry trade this time we're going to look on just the technicals. On the weekly chart (see Figure 1)we can see that starting from around last year NZD/USD has start developing an upward channel which we're currently testing the downward trend-line which will provide a good support at around the 0.8000 big psychological level. Also we can see that we may be developing a H&S pattern on the weekly chart which it may not work b…
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