NZD/USD .7100 Area is Well-Defined
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NZD/USD .7100 Area is Well-Defined

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Chart Prepared by Jamie Saettele, CMT

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-Kiwi has dropped sharply since reaching resistance in late January but is nearing a level that could provide support. The level in question is basically .7100. The 55 and 200 day averages cluster just above the figure as do several pivot lows in recent months.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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