Chart of the Day: NZD/USD
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.
Reprinted from FXStreet，the copyright all reserved by the original author.
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