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NZD/USD Stair Stepping Higher

NZD/USD Stair Stepping Higher

2016-04-12 19:08:00
Jamie Saettele, CMT, Sr. Technical Strategist
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NZD/USD Stair Stepping Higher

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Recent NZD/USD comments noted that “short term channel support is just below .6700 over the next few trading days and could provide support. Weakness below there would shift focus to the November low at .6430.” The rate turned up before the mentioned channel, which is still of interest for support if reached. Channel resistance is near .7030 over the next few days.

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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