NZDUSD 8060 is Key to Near Term Bull Trend
Prepared by Jamie Saettele, CMT
Similar to the AUDUSD, a 4th wave interpretation of the decline from 8470 is valid as long as price is above 8060. The combination of support from the Elliott channel / 38.2% retracement of the rally from 7460 and daily key reversal last Thursday is strong bullish evidence. The NZDUSD held its expected support of 8050 (there was a spike below).
Bottom Line (next 5 days) – higher
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