The Kiwi may have a cup and handle pattern.

The NZDUSD was our “chart of the day” on the 7th of July last week, but once again it holds the title as the pair may be setting up a cup and handle bullish pattern. Now, not only are we above the multi year trend line, but also may be ready to break the .6600 level and play out a cup and handle pattern that would target the .6700 level. RSI is divergent, but that would more than likely change on a break higher, or at least break the RSI downtrend line.