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NZD/USD Still Focused on Underside of 2016 Trendline

NZD/USD Still Focused on Underside of 2016 Trendline

Jamie Saettele, CMT, Sr. Technical Strategist


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.