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NZD/USD – Re-Test is Always the Best

NZD/USD – Re-Test is Always the Best

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-I wrote in the update that “recent weakness raises the specter of a head and shoulders top since the July high.” The break of the January-May trendline, combined with the head and shoulders top, indicates potential for Kiwi to drop below .6600. Today’s (11/22) re-test of the neckline is viewed in a bearish light.

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

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