Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
NZD/USD .6650 is the Pivot

NZD/USD .6650 is the Pivot

Jamie Saettele, CMT, Sr. Technical Strategist


Chart Prepared by Jamie Saettele, CMT

Automate trades with Mirror Trader and see ideas on other USD crosses

-“The wedge objective has been reached as has the 2010 low at .6560. The next levels to be aware of are .64 (61.8% retracement of the 2009-2011 rally and 50% retracement of the 2000-2011 rally) and .60 (long term double top target).”

-“NZDUSD made a trend low on 8/5. The closing low (which must be used when comparing with momentum indicators) was less than the 7/16 closing low by about a pip. Point is…there was a new closing low. At the same time, the 8/5 RSI reading was 34. Divergence is worth paying attention to when RSI is above 30 (at lows) or below 70 (at highs). A new low could see support near .6400 (long term Fibonacci confluence).” A break above .6650 would trigger a bullish bias.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.