NZD/USD Trades Sharply Lower from Channel Line
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NZD/USD Trades Sharply Lower from Channel Line

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Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-I wrote last update that "today's move qualifies as a breakout and focus is therefore higher. .7455 (2012 low) is a level that could provide interim resistance. The new pivot is .7200." Kiwi traded above .7455 on a closing basis on Wednesday before closing below. As noted, .7200 is the pivot. I'm using .7200 since it's the most recent swing low (8/29 low is .7210).

For more analysis and trade setups (exact entry and exit) , visit SB Trade Desk

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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.


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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