News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
NZD/USD 2012 Low Looms as a Test at .7455

NZD/USD 2012 Low Looms as a Test at .7455

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

NZD/USD 2012 Low Looms as a Test at .7455

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-The last update noted that “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).” Today’s move qualifies as a breakout and focus is therefore higher. .7455 (2012 low) is a level that could provide interim resistance. The new pivot is .7200.

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.

DISCLOSURES