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NZD/USD Can’t Get off the Ground

NZD/USD Can’t Get off the Ground

Jamie Saettele, CMT, Sr. Technical Strategist


Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

Real Time Positioning

-There is no change to the daily 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.