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NZD/USD – Use .7162 as the Pivot

NZD/USD – Use .7162 as the Pivot

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

NZD/USD – Use .7162 as the Pivot

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).” The long upper wicks (especially last Friday’s reversal) 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

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

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