Daily
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-There is no change to the NZD/USD outlook. “Kiwi has rebounded from a well-defined price point (.6960s) but remains below a very long term level (1985-1993 line) heading into RBNZ.” RBNZ came and went and the rate ended up testing that exact same line (from 1985) again! The long upper wicks warn of a top but a breakout would set an objective near .7700 (measured move).
For more analysis and trade setups (exact entry and exit), visit SB Trade Desk
