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NZD/USD Still Pressing against Big 2015 Levels

NZD/USD Still Pressing against Big 2015 Levels

Jamie Saettele, CMT, Sr. Technical Strategist


NZD/USD Still Pressing against Big 2015 Levels

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

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.