The Monday surge higher has reinforced the aggressive rally post-FOMC to now overcome chart resistance at .7616 and secure a Double Bottom and better recovery theme for latter March and into early April.
- We see an upside bias for .7705/11, maybe as high as .7740.
- But below .7597 opens risk down to .7549/41, which we would look to try to hold.
Short-term Outlook - Upside Risks:
- We now see a more positive tone with the bullish threat to the new peak at .7666.
- Above here targets .7711 and .7891.
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Daily NZDUSD Chart