NZD/USD Short Term Channel Break Portends Weakness
DailyFX.com -
Daily
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.
For more analysis and trade setups (exact entry and exit) , visit SB Trade Desk
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
