NZDUSD Inside Day as Nothing is Resolved
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. Resistance from December and the 100% extension of the 8471-8061 decline at 7878-7908 define the target area.” 7908 intersects channel support on 4/30. Near term resistance is 8190-8235.
Bottom Line (next 5 days) – lower
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