New Zealand Dollar Channel at 8255
Prepared by Jamie Saettele, CMT
The long wick above yesterday’s candle may signal the beginning of a corrective decline (4th wave) down to 8250. 8250 is former resistance (1/27 high) and Elliott channel support reinforces this level (at 8255 Friday). The 20 day average is at 8202 as well.
Bottom Line – flat
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