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NZD/USD Testing Short Term Support Line

NZD/USD Testing Short Term Support Line

2016-01-07 21:53:00
Jamie Saettele, CMT, Sr. Technical Strategist
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NZD/USD Testing Short Term Support Line

Chart Prepared by Jamie Saettele, CMT

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

-Decision time for NZD/USD. The cross is trading at the trendline that extends off of the late September and November lows. A downside break seems more likely than a hold given recent failure at the 200 day average and long term trendline. In the event of a break, focus for NZD/USD would be on new lows (below September).

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

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