The Australian and New Zealand dollars are feeling the pressure. NZD/USD broke below yesterday’s low and threatens the two month low of 0.8124 set earlier this week. Ryan sniffed out the AUD/USD losses.
The messy head and shoulders pattern on the daily chart has been a series of false starts so it’s tough to fall in love this time. Of course, after the fast money gets shaken out a few times, that’s often when the move finally happens.
