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New Zealand Dollar Threatening 7812

New Zealand Dollar Threatening 7812

2011-02-01 15:06:00
Jsaettele,
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Daily Bars

eliottWaves_nzd-usd_body_nzdusd.png, New Zealand Dollar Threatening 7812

Prepared by Jamie Saettele

The NZDUSD reversed sharply Friday before stabilizing this week. A move above 7812 would not alter the bearish structure from 7973. In fact, a rally could complete the final leg of a corrective advance from 7342. In the event of a push above 7812, potential resistance would be 7835 and 7872.

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