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NZDUSD Tests 5 Month Trendline Support

NZDUSD Tests 5 Month Trendline Support

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_nzd-usd_body_nzdusd.png, NZDUSD Tests 5 Month Trendline Support

Prepared by Jamie Saettele, CMT

Currently testing the lower Bollinger band and trendline that extends off of the November and December lows, a NZDUSD drop under 8057 is needed to trigger a breakout towards 7880. Until then, respect the range and potential for a more complex correction that ends above 8318.

Ideas:

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