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NZD/USD FOMC Rally is Just a Blip

NZD/USD FOMC Rally is Just a Blip

2017-03-16 20:08:00
Jamie Saettele, CMT, Sr. Technical Strategist
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NZD/USD FOMC Rally is Just a Blip

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-FOMC brought NZD/USD some much needed relief but the immediate rejection at .7035 (October 2016 low) suggests that the path is still lower. Focus remains on the 2015-2016 trendline (below .6800). Ideally, the action at the trendline will help identify the significant of the rally from the 2015 low.

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

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