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 Turns Up Now if it’s a Bull

NZD/USD Turns Up Now if it’s a Bull

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

NZD/USD Turns Up Now if it’s a Bull

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-No change for NZD/USD other than noting that daily RSI is near 30. If the broader move is still higher then the rate probably turns higher while RSI maintains 30. “The Kiwi break below .7204 (8/29 low) shifts focus towards the January-May trendline. That line is near .7020 now. Weakness below there would expose the 200 day average and July low at .6951 (this is also near the short term head and shoulders objective). Strength through .7204 would suggest that swing behavior is no longer bearish.”

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