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

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

Jamie Saettele, CMT, Sr. Technical Strategist


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.

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