NZDUSD Weakness Extends after Daily Key Reversal
240 Minute Bars
Prepared by Jamie Saettele, CMT
The combination of price pattern since the late February top and key reversal on Friday warrants a bearish stance against 8320. 8230/50 is short term resistance. Resistance from December and the 100% extension of the 8471-8061 decline at 7878-7908 define the target area.
Bottom Line (next 5 days) – lower
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