NZDUSD Takes out Monday High
Prepared by Jamie Saettele, CMT
The NZDUSD has taken out Monday’s high at 8200 which increases the probability that a low is in place for the week. Confidence in the upside is low as AUDUSD action is not confirming a bullish bias. Regardless, a cautious bullish bias is warranted against Monday’s low. 8320 is now resistance.
Bottom Line (next 5 days) – higher?
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