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NZD/USD Wedge from 2015 Low?

NZD/USD Wedge from 2015 Low?

2016-06-07 18:58:00
Jamie Saettele, CMT, Sr. Technical Strategist

Daily

NZD/USD Wedge from 2015 Low?

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-NZD/USD has erased most of the May drop in just the first week of June. Longer term, the area above .7100 is interesting. If NZD/USD trades up to that level and fails, then it’s possible that a wedge has formed from the 2015 low.

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

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