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NZDUSD January Low at 7740 in Focus

NZDUSD January Low at 7740 in Focus

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_nzd-usd_body_nzdusd.png, NZDUSD January Low at 7740 in Focus

Prepared by Jamie Saettele, CMT

I’m looking towards the 2012 low at 7774 and late December pivot low at 7952. There is also trendline support (head and shoulders neckline) at about 7545 this week. The most aggressive short term count is bearish against 7973. Exceeding that level would shift focus to the breakdown level at 8060. The longer term trend is down against 8190.

LEVELS: 81878060 7975 7905 7740 7650

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.