NZD/USD Pressing the Issue on Long Term Resistance
Chart Prepared by Jamie Saettele, CMT
-The NZD/USD rally has failed multiple times at former support from 2015 (and the June 2015 high at .7230). Kiwi is back at the level for the 3rd time in 3 weeks so be aware of breakout potential. A breakout would target the .7500 area. The 50% retracement of the decline from 2014 is .7520 while the 2005 high and 2012 low are near .7465.