NZDUSD starts the month breaking below Double Top pattern

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Summary

The NZD/USD pair started the new month right below the important support level of 0.6875 in what appears to be a confirmation of a break below a Double Top chart pattern. The next medium term support is set at 0.67. We had the Dairy Auction data out of New Zealand during the Asian session, and moving on to the London session, Swiss Retail Sales (Real) (YoY) (MAR) will be out at 7:15 AM GMT to kick off the economic events. Later during the New York session Personal Consumption Expenditure Core (YoY) (MAR) will be out of the US at 12:30 PM GMT followed by the US ISM Manufacturing (APR) at 2 PM. During the next day’s Asian session, BOJ Minutes of March 15-16 Meeting will be out at 11:50 PM GMT which could create volatility in the JPY crosses. Thanks for watching, invest responsibly and I wish you the best of luck making pips by trading forex.

 


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