Daily
![](https://media.dailyfx.com/illustrations/2016/06/07/eliottWaves_nzd-usd_body_nzdusd.png)
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