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NZD/USD First 52 Week High Since July 2014

NZD/USD First 52 Week High Since July 2014

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

NZD/USD First 52 Week High Since July 2014

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.” The ‘interesting’ level for Kiwi extends until about .7200. For details, watch this video.

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

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