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NZD/USD Struggling at Range Highs

NZD/USD Struggling at Range Highs

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

NZD/USD Struggling at Range Highs

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 .7050 over the next few days.

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

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