NZD USD on Track to Trend Higher

The strong rally in the NZD USD is on track to hit two upside objectives between June 5th and June 8th.

The NZD USD continues to drive toward its next upside objective at .6552.  This is 50% of a major price range.

Based on the swing chart formation, the minimum upside target is .6473 by June 5th.

Daily chart uptrending Gann Angle support is at .6152.  Continue to use this angle as a guide.  This angle crosses the 50% level at .6552 on June 8th..

Barring any major shifts in the fundamentals, look for this pair to continue to drive higher to .6473 to .6552 between June 5th and June 8th.

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James A. Hyerczyk has been actively involved in the futures markets since 1982. He has worked in various capacities within the futures industry from technical analyst to commodity trading advisor. Using W. D. Gann Theory as his core methodology, Mr. Hyerczyk incorporates combinations of pattern, price and time to develop his daily, weekly and monthly analysis. His firm, J.A.H. Research and Trading publishes The Forex Pattern Price Time Report... More

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