NZDUSD Technicals for July 26th
Prepared by Jamie Saettele
The NZDUSD has retraced its entire decline and focus is now on 7400/50 (7400 is a 100% extension and 7450 is a former top). Continue to watch the channel resistance line as well.
Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Monday evenings), technical analysis of currency crosseson 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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