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New Zealand Dollar Support Begins at 7100

By Jamie Saettele, CMT, Sr. Technical Strategist
02 September 2010 15:22 GMT

New Zealand Dollar Support Begins at 7100

New_Zealand_Dollar_Support_Begins_at_7100_body_DT902nzd.gif, New Zealand Dollar Support Begins at 7100

Like the other USD pairs, the NZDUSD may have found an important low last week (6950). A long term support line reinforces a bullish bias. What’s more, a short term inverse head and shoulders is bullish. Support is at 7095 and 7050.

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02 September 2010 15:22 GMT