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NZD/USD – First Test for Bear Camp

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10/06/2016 | 10:20pm CEST
DailyFX.com -

Daily

NZD/USD – First Test for Bear Camp

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-The Kiwi break below .7204 (8/29 low) shifts focus towards the January-May trendline. However, be aware that the current level is well-defined as support from a parallel that relates to the aforementioned trendline. If the break is ‘false’, then this is the spot for the Bird to get off the ground.

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


original source
Stocks mentioned in the article
ChangeLast1st jan.
GOLD -0.62% 1199.66 Delayed Quote.-7.32%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.00% 0.6681 Delayed Quote.-5.72%

© FXCM 2016
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