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New Zealand Dollar Bearish Target is 7440

New Zealand Dollar Bearish Target is 7440

2011-12-14 16:47:00
Jamie Saettele, CMT, Sr. Technical Strategist
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eliottWaves_nzd-usd_body_nzdusd.png, New Zealand Dollar Bearish Target is 7440

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 have just broken their 20 day averages as support. Focus is on the post Thanksgiving gap near 7450. Resistance is 7540/70 and 7600. The bearish bias level can be moved down to 7675.

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