Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View More
NZD/USD – A Low Here Wouldn’t Be Crazy

NZD/USD – A Low Here Wouldn’t Be Crazy

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

Real Time Positioning

-My previous NZD/USD thought was that “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.” This is still possible but consider a more immediate bullish outcome if Kiwi starts to make progress on the upside from the current level, which is defined by a parallel. Also, NZD/USD is above the March low despite the AUD/USD drop. This non-confirmation is typical at turns.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES