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NZD/USD Nears Swing Pivot Low at .7204

NZD/USD Nears Swing Pivot Low at .7204

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

NZD/USD Nears Swing Pivot Low at .7204

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-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.

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

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