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  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: -0.05% 🇨🇦CAD: -0.05% 🇬🇧GBP: -0.08% 🇳🇿NZD: -0.15% 🇯🇵JPY: -0.18% 🇦🇺AUD: -0.28% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/0Rac5Jbkwc
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NZD/USD Wipes Out Under 200 Day Average

NZD/USD Wipes Out Under 200 Day Average

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

NZD/USD Wipes Out Under 200 Day Average

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.” Kiwi has resolved lower. .7035 is a minor level to pay attention to. .6950 is a more important level to know.

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