New Zealand Dollar / US Dollar 03-10
As mentioned yesterday, it seems likely that the NZDUSD will exceed 7088 before the corrective advance from 6804 is complete. Price above 6959 keeps the NZDUSD on a path higher towards 7156. Action since 7088 could also be a triangle. 7015/30 is short term support.
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 at the DailyFX Forum. 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 firstname.lastname@example.org.
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