NZD/USD Inside Day at Downtrend Support

| 18 juni, 2015 | 0 kommentarer

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NZD/USD Inside Day at Downtrend Support

Chart Prepared by Jamie Saettele, CMT

Automate trades with Mirror Trader and see ideas on other USD crosses

-“A wedge may be underway from the February low though. The bearish pattern would complete on a break below the support line from that pattern.” The wedge target is .6607.

-“NZDUSD has rebounded from near 5 year lows. Recent congestion is now possible resistance from .7211 to .7270. A push above .7270 would pique interest in a more important bottoming scenario.” NZDUSD failed within the cited zone (high was .7230) so look towards the mentioned wedge objective as long as price is below .7230.

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Kategori: Analys från DailyFX

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