07.12.2017 • 13:00 GMT
NZD/USD Carves Out a Clean Reversal Pattern But Can It Catalyze a Turn?
• NZD/USD has developed a congestion pattern over the past few months that stands as a clear inverse head-and-shoulders pattern
• Despite a general risk appetite building that has reached far for any and all yield over years, the Kiwi remains very low
• While a reversal with trend implications is difficult to foster in these markets, a NZD/USD turn would be a wide range move