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  • The US Dollar continues to see varied performance against ASEAN currencies. USD/SGD is consolidating. USD/THB may bounce. USD/IDR and USD/PHP could continue lower.Get your market update from @ddubrovskyFX here:https://t.co/Ccvcy93t5X https://t.co/96VSJdvfcR
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NZD/USD June-July Trendline Just Under the Market

NZD/USD June-July Trendline Just Under the Market

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

NZD/USD June-July Trendline Just Under the Market

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-.7200 remains the pivot. I’m using .7200 since it’s the most recent swing low (8/29 low is .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. Long upper wicks on daily candles (including today…9/20) continue to indicate strong overhead resistance.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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