Skip to content
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 Battle Between the 200 Day Average and December High

NZD/USD Battle Between the 200 Day Average and December High

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Since dropping sharply from well-defined resistance, Kiwi has bounced held the 200 day average but strength continues to fail at the December (FOMC) high now (.7238). In fact, 3 of the last 4 days have been within 10 pips of .7238 and last week’s high was .7242. Ideally, a break of the .7140-.7240 zone produces the next directional move although I’d still be aware of .7300 as resistance on a break higher.

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

DISCLOSURES