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NZD/USD Trendline Break Portends Lower Levels

NZD/USD Trendline Break Portends Lower Levels

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

NZD/USD Trendline Break Portends Lower Levels

Chart Prepared by Jamie Saettele, CMT

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

-The last update noted that it was “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).” The level gave way…focus is lower.

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

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