NZDUSD Resistance Every 30 Pips from 8200
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. Resistance is 8200/60.
Bottom Line (next 5 days) – lower
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