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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

Daily

NZD/USD Can’t Get off the Ground

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.”

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