Watch the Kiwi!

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I noticed something interesting tonight when I happened to glance at the New Zealand kiwi:


That's right – – a potentially beautiful head and shoulders pattern. If completed, the target would be 0.75. Looking at the longer-term, daily chart, we might push past that and get to 0.73. In any case, I found during the oh-so-wonderful 2008 that this was a vitally important exotic currency to watch.