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New Zealand Dollar Levels of Interest are 7515 and 7450

New Zealand Dollar Levels of Interest are 7515 and 7450

2011-12-13 16:50:00
Jamie Saettele, CMT, Sr. Technical Strategist
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eliottWaves_nzd-usd_body_nzdusd.png, New Zealand Dollar Levels of Interest are 7515 and 7450

Prepared by Jamie Saettele, CMT

The near term NZDUSD pattern is the exact same as the AUDUSD in that both made daily key reversals last week and continue to hold their 20 day averages (as support). Downside levels of interest are 7575, a Fibonacci extension at 7715, and the post Thanksgiving gap near 7450. Exceeding 7875 would expose the trendline that extends off of the August and October highs. That line is just above 7900.

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