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NZD/USD Floor Registers above Uptrend Line

NZD/USD Floor Registers above Uptrend Line

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

NZD/USD Floor Registers above Uptrend Line

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-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.

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

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