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NZD/USD .6618 May Provide Support

NZD/USD .6618 May Provide Support

2016-03-24 18:31:00
Jamie Saettele, CMT, Sr. Technical Strategist
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NZD/USD .6618 May Provide Support

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-The next directional move triggers on a break of the 1/20-2/29 trendline or a move through the October and December highs. A break above the mentioned highs would complete a 6+ month reversal pattern with target in the mid-.70s with interim resistance at .7175. The most recent failure just below the important highs does leave open the possibility of continued range action with possible support at .6575-.6618.

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.

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