{video} The last time I wrote about NZDUSD the pair was starting its next leg lower. That July 30 close confirmed the bearish flag pattern and also triggered a 400 pip move lower from the kiwi. Fast forward to today, and we can see that NZDUSD is trying to bottom. In fact, it may have already done so. Notice how the pair is in the process of carving what could be a higher low following the October 1 low of 0.6203. That would be the first higher low since early July. There is also a multi-year falling wedge on NZDUSD that could help push the pair higher. And if that wasn’t enough, the NZDUSD appears to be bouncing ... (full story)