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NZDUSD Fails to Test Low – Watch 8200

NZDUSD Fails to Test Low – Watch 8200

2012-03-12 20:40:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily Bars

eliottWaves_nzd-usd_body_nzdusd.png, NZDUSD Fails to Test Low – Watch 8200

Prepared by Jamie Saettele, CMT

The NZDUSD strategy is the same as the AUDUSD. I’m on the lookout for a low. 8190-8215 is resistance although exceeding Monday’s high at 8200 would increase the probability that a low is already in place for the week.

Bottom Line (next 5 days) – bottoming?

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