NZD/USD Still Pressing against Big 2015 Levels

Daily

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, (lows in late 2014 and early 2015), continued sideways trade is a possibility with support near .7050. Strength through the July high would expose .7455.

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