Today’s FX Trading Call  -  MARCH 26th                                            

NZD/USD trading now at .8160   

Today I am Highlighting NZD/USD:

Kiwi’s corrective decline off the late February peak of .8470 again found support late last week at my .8060 Target, with a potential classical short term “Double Bottom” now in play.

Only a loss of the .8100 level (with follow-through below .8060) would invalidate this Bullish potential But I would expect .8150/.8130 to now provide good support.

Therefore I will Buy NZD/USD with a Stop below .8125, initially, for a rally toward the late .8200’s.

This trade will be updated in my daily FX forecasting service, which also covers EUR, JPY, CHF, GBP, AUD and NZD. For a copy of today’s forecasts email TRL@clear.net.nz

Disclaimer: Max McKegg & Technical Research Ltd accept no liability  whatsoever for any loss or damage that may result, directly or indirectly, from any forecast, comment or opinion, information or omission, whether negligent or otherwise, within this report.