New Zealand Dollar Channel Intersects 7455 Later This Week
Prepared by Jamie Saettele, CMT
Focus for the NZDUSD is also on channel support, which crosses 7485 today and decreases about 12 pips per day. The channel intersects with a pivot from March at 7555 later this week. This level is more important than the Fibonacci extension at 7555.
Trend Strength (M,W,D) – 0, (1), (2)
Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Monday), technical analysis of currency crosseson Wednesday and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forex Stream. A graduate of Bucknell University, he holds the Chartered Market Technician (CMT) designation from the Market Technician Association. He is the author of Sentiment in the Forex Market. Send requests to receive his reports via email to firstname.lastname@example.org and follow hom on Twitter @JamieSaettele.
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