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NZD/USD .6500+- May Provide Support

NZD/USD .6500+- May Provide Support

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

NZD/USD .6500+- May Provide Support

Chart Prepared by Jamie Saettele, CMT

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

-A big reversal may be in the near future for NZD/USD. Price action since July qualifies as an inverse head and shoulders pattern. A break through the October high would confirm the pattern’s completion and set a target (conservative) just above .72. Until the pattern completes, NZD/USD is in a range at best.

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

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