NZD/USD Short Term Channel Break Portends Weakness
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Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-Recent NZD/USD comments noted that "NZD/USD continues to turn down sharply at resistance. Near term channel support is roughly .6740/50. Weakness below there would shift focus to .6450." NZD/USD has broken channel support so focus is towards the mentioned .6450.
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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.