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NZD/USD Failed Breakout; Channel of Interest at .6670

NZD/USD Failed Breakout; Channel of Interest at .6670

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

NZD/USD Failed Breakout; Channel of Interest at .6670

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-I wrote previously that “NZD/USD has completed the reversal pattern so focus is higher.” NZD/USD has turned sharply lower, which eliminates the constructive bias. .6668 (recent low and short term channel) is an important short term pivot.

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

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