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

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

2016-04-05 18:42:00
Jamie Saettele, CMT, Sr. Technical Strategist
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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.

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