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NZD/USD – Need to Test to the Trendline?

NZD/USD – Need to Test to the Trendline?

2017-04-06 21:07:00
Jamie Saettele, CMT, Sr. Technical Strategist
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NZD/USD – Need to Test to the Trendline?

Chart Prepared by Jamie Saettele, CMT

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-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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