NZD/USD Nears Swing Pivot Low at .7204
Chart Prepared by Jamie Saettele, CMT
-I wrote last update that “Kiwi traded above .7455 on a closing basis on Wednesday before closing below. 7200 is the pivot. I’m using .7200 since it’s the most recent swing low (8/29 low is .7204). NZD/USD is nearing .7204. Weakness below would be viewed as an indication that price is headed for a test of the January-May trendline in the mid-.6900s.