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NZD/USD – Heads Up on .7200

NZD/USD – Heads Up on .7200

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

NZD/USD – Heads Up on .7200

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-“The dominant pattern on the NZD/USD chart remains the head and shoulders pattern. As such, focus is lower as long as price is above the latest swing high of .7238 (12/14 high).” Evidence is building that this will be a failed head and shoulders in which case there’d still be resistance to confront near .7330/40.

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

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