The NZDUSD is setting up for a breakout.
The NZDUSD is setting up for a breakout as we develop the apex of a triangle consolidation. A break higher would take on the recent trend highs near the .6600 level where the long term 88% Fibonacci retracement resides, but a downside break could lead us back to the 200dma. The move may be sparked by risk aversion or appetite in the coming days, or the Australian jobs report tonight could help move the needle as well. The .6430 level is support and resistance is at .6485.
