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NZD/USD Trendline Confluence Near .7100

NZD/USD Trendline Confluence Near .7100

Jamie Saettele, CMT, Sr. Technical Strategist


NZD/USD Trendline Confluence Near .7100

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Recent NZD/USD comments noted that “the rate turned up before the mentioned channel support. Channel resistance is near .7050 over the next few days.” NZD/USD has traded up to .7050. A confluence of trend and channel lines converges near .7100 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.