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NZD/USD Smacked off of Short Term Channel Top

NZD/USD Smacked off of Short Term Channel Top

2016-04-21 19:45:00
Jamie Saettele, CMT, Sr. Technical Strategist
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NZD/USD Smacked off of Short Term Channel Top

Chart Prepared by Jamie Saettele, CMT

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-Recent NZD/USD comments noted that “channel resistance is near .7050 over the next few days.” NZD/USD has turned down sharply from the mentioned channel resistance (channel confluence actually). Near term channel support is roughly .6740/50 for the rest of the month. Weakness below there would shift focus to .6450.

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