NZD/USD Rally Fails at Channel Center Line
Chart Prepared by Jamie Saettele, CMT
-There is no change to the near term Kiwi comments. “FOMC brought NZD/USD some much needed relief but the immediate rejection 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.