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NZD/USD RSI Failing Near 50 is Bearish

NZD/USD RSI Failing Near 50 is Bearish


2017-03-29 05:12:00
(MENAFN- DailyFX)
Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

Real Time Positioning

-There is no change to the near term Kiwi comments, which has been stationary since FOMC. 'FOMC brought NZD/USD some much needed relief but the immediate rejection suggests that the path is still lower. Focus remains on the 2015-2016 trendline (below .6800). Ideally, the action at the trendline will help identify the significant of the rally from the 2015 low.

MENAFN2803201700760000ID1095352932



 DailyFX (IG.com)

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