New Zealand Dollar is Bullish on Dips
Prepared by Jamie Saettele, CMT
The NZDUSD has broken through its channel and the decline is left as a 3 wave affair. The implications are for a rally that eventually exceeds the August high. 7914 serves as the pivot (above is bullish) and focus is now on the 9/16 high of 8341. Near term supports are 8145, 8120, and 8090.
Trend Strength (M,W,D) – 0, 0, 1
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