New Zealand Dollar 8210 is Key Pivot

60 Minute Bars

Prepared by Jamie Saettele, CMT

Like the AUDUSD, the NZDUSD has traded sideways in a corrective manner for most of February. Specifically, the pattern is probably a 4th wave and the upside is favored (for the rest of the month) as long as price is above 8210 (2/1 low). A drop below there would shift focus to 8150.

Bottom Line – Higher