New Zealand Dollar 200 day Average of Interest at 8080
Prepared by Jamie Saettele, CMT
The NZDUSD is nearing a level, the confluence of the 200 day average, 1/18 high, and channel support, that is likely to produce bids (the channel support is at 8050 today and increases about 12 pips per day). Near term resistance is 8170 and 8200.
Bottom Line (next 5 days) – lower
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