NZD/USD Follows through on Reaction from Horizontal Level
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-Kiwi has rebounded from a well-defined price point (.6960s…see highlighted area on the chart), which keeps near term focus higher. Given the overhead however (lows in late 2014 and early 2015), be aware of .7150/80 as a possible resistance level. .6900 is still viewed as a big level that could provoke a reaction.
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