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NZD/USD Underside of 2016 Trendline is Back in Play

NZD/USD Underside of 2016 Trendline is Back in Play

2017-01-17 20:40:00
Jamie Saettele, CMT, Sr. Technical Strategist
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NZD/USD Underside of 2016 Trendline is Back in Play

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-NZD/USD technical 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. The underside of the 2016 trendline should be watched for a response near .7260 as well.

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

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