New Zealand Dollar Ascent Resumes – Fibonacci Objectives in Focus
Prepared by Jamie Saettele, CMT
With the NZDUSD trading at record free floating highs, focus has shifted Fibonacci extensions at 8764 and 8852. Look higher as long as price is above 8610 (yesterday’s low). A drop below there would shift focus to former resistance at 8570 and 8505.
Trend Strength (M,W,D) – 2, 3, 2
Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Monday), technical analysis of currency crosseson Wednesday and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forex Stream. A graduate of Bucknell University, he holds the Chartered Market Technician (CMT) designation from the Market Technician Association. He is the author of Sentiment in the Forex Market. Send requests to receive his reports via email to firstname.lastname@example.org.
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