NZD/USD Slow Motion Rollover

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

Real Time Positioning

-There is no change to the near term Kiwi comments, which has been stationary since FOMC. “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.”