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NZD/USD – Acting Constructive Following Support Response

NZD/USD – Acting Constructive Following Support Response

Jamie Saettele, CMT, Sr. Technical Strategist


Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

Real Time Positioning

-I wrote last update to “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.” Kiwi has turned up sharply so the recent low may be important. Strength through the latest high at .7090 would confirm.

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