NZD/USD .6900 Remains a Big Level
Chart Prepared by Jamie Saettele, CMT
-Recent NZD/USD comments noted that “NZD/USD has broken channel support and re-tested the line as resistance so focus is towards .6450.” NZD/USD broke the mentioned channel support on 5/9, re-tested the level as resistance until 5/17 and traded lower until today’s rally. After all that, the rate is unchanged. Additional sideways trading and/or a run back to .6900 may be in store.
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