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NZD/USD – First Test for Bear Camp

NZD/USD – First Test for Bear Camp

Jamie Saettele, CMT, Sr. Technical Strategist


NZD/USD – First Test for Bear Camp

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-The Kiwi break below .7204 (8/29 low) shifts focus towards the January-May trendline. However, be aware that the current level is well-defined as support from a parallel that relates to the aforementioned trendline. If the break is ‘false’, then this is the spot for the Bird to get off the ground.

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.