NZD/USD and RBNZ Like it Didnt Even Happen

2016-08-15 05:42:15

(MENAFN- DailyFX) Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-The last update noted that 'Kiwi has rebounded from a well-defined price point (.6960s) but remains below a very long term level (1985-1993 line) heading into RBNZ.” RBNZ came and went and the rate ended up testing that exact same line (from 1985) again! The long upper wick warns of a top.

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NZD/USD and RBNZ Like it Didnt Even Happen

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