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NZDUSD Tests Trendline and 20 Day Average

NZDUSD Tests Trendline and 20 Day Average

2012-03-26 21:02:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily Bars

eliottWaves_nzd-usd_body_nzdusd.png, NZDUSD Tests Trendline and 20 Day Average

Prepared by Jamie Saettele, CMT

The NZDUSD has retraced most of the decline from 8286. A setback from the current level, reinforced by trendline resistance and former support at 8233, encounters support at 8190-8200. 8330 is resistance this week and 8140 serves as the pivot.

Bottom Line (next 5 days) – ?

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