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NZD/USD – Watch Former Lows in .6950/70 Zone

NZD/USD – Watch Former Lows in .6950/70 Zone

2017-05-02 16:49:00
Jamie Saettele, CMT, Sr. Technical Strategist
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NZD/USD – Watch Former Lows in .6950/70 Zone

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

Real Time Positioning

-NZD/USD remains damaged from the recent break. Pay attention to the 2015-2016 trendline near .6785. This bounce faces potential resistance from former lows in the .6950/70 zone. As has been suggested for some time, strength through the latest high at .7090 is needed in order to suggest something bullish is underway.

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