FOREX ALERTS >>
DailyFX Plus Login

nzd-usd

Article

New Zealand Dollar / US Dollar
Friday, 06 November 2009 16:17 GMT  |  Written by Jamie Saettele
Delicious
Facebook

Techs1106d

NZDUSD intraday price pattern is bearish against .7640. The pair has dropped below a support line drawn off of the September and October lows. The underside of that line is potential resistance at .7342 today and increasing 15 pips per day. The decline from .7640 is impulsive and the rally is corrective and possibly complete at .7316. Additional resistance would be .7360/75, and .7410/45.

 

Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Friday evenings), technical analysis of currency crosses on Monday, Wednesday, and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates.  He is the author of Sentiment in the Forex Market.  Follow his intraday market commentary and trades at DailyFX Forex Stream.  Send requests to receive his reports via email to jsaettele@dailyfx.com.
 

DailyFX provides forex news on the economic reports and political events that influence the currency market.
Learn currency trading with a free practice account and charts from FXCM.

More Articles

Feedback Form